This current deal looks to be just below what my cost basis 43 range. Since this is an all stock swap can I write off any losses that I may incur. Conversely if I somehow end up with a gain in this swap would I have to declare gains. Or since this is an all stock deal everything is mute and life goes on
The NYX board turned down the NDAQ/ICE deal which as I calculate it is worth $43.13. The current DB deal is only worth $37.06. Not sure which deal you are talking about, but if it is the NDAQ/ICE, that for now is off.
Thats GENERALLY the case..but,the law says its taxable. However companies generally ask and get a ruling making it a tax free swap. Sometimes an issue can arise when a foreign company is involved as is the case here. I'm pretty sure that it'll will be ok, just didn't want you to think its a 100% sure thing. I dont know if this was addressed in the agreement or if they mentioned that they were looking to structure it as a tax free swap.