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Technology Stocks : Cheyenne Software - Will it be bought by Computer Assoc.?
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To: Speed Racer who wrote (127)10/8/1996 12:24:00 PM
From: Ron Niles   of 130
 
If you hold onto your shares, it will eventually be converted into the right to receive 30.50 in cash per share. Consult with your tax advisor, but I believe that depending on your tax bracket and how much money you made on your shares, you may want to hold onto those rights until one year from the day you bought your shares. This way your gain becomes a long term gain so you can take advantage of the maximum federal rate of 28% on long term gains.

Otherwise, it appears to me that you may want to just sell out your position now at 30 1/8. The discount amounts to about what you could earn in interest in three months waiting for the deal to be done. This is unusual for an acquisition that the discount is so small, and it signals that investors are nearly 100% certain that the deal will go through.
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