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To: marc chatman who wrote (51266)	9/16/1999 11:55:00 PM
From: diana g	Read Replies (1) \| Respond to of 95453

RIG --> Caymans: Tax Implications???? Hi marc et al, At the time of the move there was this mention of the tax implications: <<<As a result of the reorganization, U.S. stockholders will generally be required to recognize gain, if any, on their Transocean-Delaware shares, but will not be allowed to recognize a loss on those shares.>>> Could read this to mean different things. Does anyone have prior experience with companies who have gone thru such a reorganization? ---Must we recognize gain for this year's taxes? Any information or sources of information appreciated! regards, diana