Any one know if Q shareholders have the option to receive all MNK stock and no cash in a manner that avoids receiving the $30/share as taxable income? Obviously you can take the $ and buy MNK, wondering if there 's a way to avoid the tax hit with direct receipt. of MNK stock.
Nope. You're getting cash first. I already consulted my broker who will immediately re-invest mine in MNK when it comes (which I guess is the uncertain part for brokerage houses ATM) based on my special trade request. GL!
"Subject to customary closing conditions, the transaction is currently expected to be completed in the third calendar quarter of 2014. Under the terms of the transaction, Questcor shareholders will receive $30.00 per share in cash and 0.897 Mallinckrodt shares for each share of Questcor common stock they own,"
I was musing on the same question. They certainly didnt give that option, and likely would make the transfer too confusing. And I think part of the reason the $30 was including in the deal was to give pain to the shorts, so I suspect those are the terms, and some of us will take a bit of a tax hit on the money.