Please real answer I need to know. Im a beginner at trading stocks so I am trying to understand what is really going on. I've read articles concerning the merge but I need the info specifically for me and in english.
2007-02-20 17:56:54 · 2 answers · asked by dasessc 2 in Business & Finance ➔ Investing
When there is a merger one of 2 things happen. The company will trade your Sirius stock for the new company stock on a dollar for dollar basis.
Or the company will offer to buy your shares and then give you dibbs on the issuance of the new stock.
Either way it is win win for you.
2007-02-20 18:01:50 · answer #1 · answered by khanofali 5 · 0⤊ 1⤋
You will either get stock in the combined company, or cash for your shares, or a combination of both. The cash is taxable, unless you have it in a tax sheltered account like a 401k or IRA. If you receive stock its not taxable until you sell it.
2007-02-20 19:41:05 · answer #2 · answered by jeff410 7 · 0⤊ 0⤋