Altaba Inc. (formerly Yahoo) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rational who wrote (3321)	11/30/1997 2:10:00 PM
From: Mama Bear	Read Replies (1) of 27307

Sankar, you are just plain wrong. You really shouldn't be in the market without a basic understanding of how it works. >>>This is because exchanging 411 for some $52 YHOO shares is like buying the shares at $52; instead of paying cash, 411 owners simply paid an equivalent sum by exchanging their assets. <<< If this were true then capital gains would be due immediately upon the consummation of the merger. The reason the the pooling of interest is so popular in mergers is because those being bought out have no tax due, unless they sell. The tax is due upon sale of the Yahoo! shares, not when the merger is completed. I sincerely hope you use a tax professional to fill out your income tax forms. Barb!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next