Under the terms of the agreement, which was unanimously approved by the Boards of both companies, the transaction is currently valued at $33.12 per NYSE Euronext share, or a total of approximately $8.2 billion, based on the closing price of ICE’s stock on December 19, 2012. NYSE Euronext shareholders will have the option to elect to receive consideration per NYSE Euronext share of (i) $33.12 in cash, (ii) 0.2581 IntercontinentalExchange common shares or (iii) a mix of $11.27 in cash plus 0.1703 ICE common shares, subject to a maximum cash consideration of approximately $2.7 billion and a maximum aggregate number of ICE common shares of approximately 42.5 million. The overall mix of the $8.2 billion of merger consideration being paid by ICE is approximately 67% shares and 33% cash. The transaction value of $33.12 represents a 37.7% premium over NYSE Euronext’s closing share price on December 19, 2012.
NYSE Euronext shareholders will own approximately 36% of ICE shares post-transaction.
Details of the deal. If this was a non qualified after tax account there should have been a 1099 for dividend and a statement for gains and losses be sure you have both.
You may have to sell it to get the loss. Check and see if Ameriprise shows you the basis of the new positions
on your statement. You have a loss but depending on the terms of the takeover it may not show yet.
according to past employees In technology department you will make 30 to 40% less if you are minority including women despite being better skilled and experienced. No leader cares.
is HR accomplice?
Sentiment: Strong Sell
it certainly doesn't appear a lot of posts are being made on this board, - - but i've got to present a problem, with the hope someone knows how to fix it. IT INVOLVES AMERIPRISE, the brokerage.
I had a 1000 shares of NYX, bought way back at around 100 per share, so 100,000. carelessly i hung on to it
once it dove down big time. with the ICE takeover of NYX i received about 16,000 for my 1000 shares of NYX and 171 shares of ICE. THE PROBLEM IS WITH MY IRS FORM 1099. my brokerage actually shows me as having earned roughtly $1,500 dollars in the whole deal. when in actuality i LOST about $49,000 ($100,000 minus 16,000 minus 35,000 the latter of which is about the current value of my 171 shares of ICE.
The problem is made worse, because the IRS is obviously more interested in the 1099 form and its figures rather than my calculated loss of around $49,000. DOES ANYONE SEE A WAY, - A REALISTIC WAY - OF STRAIGHTENING THIS ALL OUT? as i see it, the brokerage is not going to issue me a different 1099 based on my calculations. Any serious help would be appreciated.
While they make insane returns, nice job on this team to shear the sheep.
James M. Cracchiolo Chairman of the Board, Chief Executive Officer
William F Truscott Chief Executive Officer - Global Asset Management
Walter S. Berman Chief Financial Officer, Executive Vice President
Donald E. Froude President - The Personal Advisors Group
Joseph E. Sweeney President - Advice & Wealth Management, Products and Service Delivery
John R. Woerner President - Insurance & Annuities, Chief Strategy Officer
Neal Maglaque President — Advice & Wealth Management, Business Development, Chief Operating Officer
Colin Moore Executive Vice President, Global Chief Investment Officer
Randy Kupper Executive Vice President, Chief Information Officer
John C. Junek Executive Vice President, General Couns
I got this stock as a spin off from American Express, do not like the company, but, as this stock was "FREE", I can find no point to sell. I was gonna sell at $75/sh where I sold the AX, but was lazy about it and the next time I looked, it was at $80/sh, so I decided to wait til 85$/sh but was not looking when it blew past that price and $100/sh. Now I am waiting for $200/sh. I hope I am watching when it gets there and do not have to wait for $300/sh. This is really making me angry, how can I sell this #$%$ of a stock when it just keeps going up for no reason at all. Signed, Stuck In Stock.
Not a day trader and may trade about 12 times a year but I have had no problems buying or selling. In fact on one limit order to buy the price I received was better than my order price. Hope you fair better in the future.
I have moved my personal account and my wife's account, I still have most of my IRA and family trust I set up still there, the broker I use has been my broker through 5 different companies and 25 yrs, if he moves I move, he has been very good to me and we are close friends otherwise I would have been gone and would not have tried working with them for 3 yrs. It also takes about 6 weeks to make a change and since I day trade that is a life time. I guess on the family trust I could move cash as it becomes available but the iRA WOULD have to be moved all at once and brokerages are very slow to move accounts, lots of road blocks and delays. even cash takes time. I have switched brokerages every time my broker moved and am familiar with the problems and headaches even when you have a broker helping you SEC needs to set rules to make this easier.
I can't tell you why, it isn't because of their trading platform as it is the worst in the industry, It doesn't like day traders, iN fact I have called corporate offices over 4 times in last 3 yrs to talk to them about fixing their online platform and the mistakes it makes and today was told that they really weren't set up for day traders I should think about switching to Etrade and I have a 7 figure account and have been with my broker for 25 yrs. Their platform is like the online site for Obamacare it needs to be trashed and start over or pay for a good platform. they made a mistake one time and put $80k in my account that wasn't mine when I told my broker he said I was probably his only client that would have said something and they would have never caught it. It was 3 days since they did it that I noticed so they didn't catch it in 3 days. When you talk to them they say they are working on the platform but it has been 3 yrs and I don't see any improvement, every day I have an error on it or it won't work. Yesterday it said an option didn't exist that I was long and I couldn't close it without calling my broker. today it won't let me sell an option on Jazz pharma when I am long the stock shows an error, at least once a week the platform is shut down. You can call IR and they say it is working and 15 mins later they say it is down. They don't even pay any attention or know when it is down. Very unresponsive.
A few of my best stocks have almost no posts on the message boards. AMP has some good looking chart. Institutions must be buying it's not you and me.
platform down 3 times today and once monday, the CEO must be on vacation it doesn't take a real smart person to realize they need a new platform that works after 3 years of this and hundreds of complaints if not thousands. I had an order in today above bid for ten minutes and it didn't get filled so had to cancel and put in with broker for a better price thank goodness. nTheir platform only has one feature that I don't see on others and that is choice of which position to sell when one has multiple positions in one stock