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Ameriprise Financial, Inc. Message Board

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  • Reply to

    Need some Tax Help with ICE/NYX

    by meteorbyte Mar 18, 2014 9:51 AM

    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.

  • Reply to

    Need some Tax Help with ICE/NYX

    by meteorbyte Mar 18, 2014 9:51 AM

    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.

124.76+1.01(+0.82%)Sep 16 4:02 PMEDT

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