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Argonaut Technologies (AGNT) Message Board

  • stcknrock stcknrock Mar 18, 2005 8:07 AM Flag

    DJ Biotage Acquires All Of Argonaut Tec

    DJ Biotage Acquires All Of Argonaut Technologies Business

    03/18/2005
    Dow Jones News Services
    (Copyright � 2005 Dow Jones & Company, Inc.)



    Edited Press Release


    STOCKHOLM (Dow Jones)--Swedish life science research company Biotage AB (BIOT-A.SK) Friday said it will acquire all of U.S. Argonaut Technologies Inc.'s (AGNT) business instead of only the reagents business, as was announced earlier.

    The total acquisition price thus becomes SEK145 million which is paid in cash, the company said. Beside the reagents business Argonaut also has a process instrument business.

    http://www.amtddj.inlumen.com/bin/djstory?StoryId=CqJPGuaebqLqWmde0mZu


    Live mid-market rates as of 2005.03.18 13:03:15 UTC.
    1.00 SEK
    Sweden Kronor = 0.145768 USD
    United States Dollars
    1 SEK = 0.145768 USD 1 USD = 6.86020 SEK

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    • You bring up an interesting point. If the whole company is bought and investors receive the cash, then your first example is appropriate. However, sometimes companies do special distributions which may be entirely taxable (*). Such a taxable distribution that is not a dividend would decrease the basis of the shares for the purposes of later calculating capital gain / loss when those shares are finally sold or fully liquidated.

      My understanding (which could be incorrect) is that this is part of a liquidation, so the payouts were taxed against shares' basis like capital gains.

      * or sometimes they are 'return of capital' distributions which are not taxable, but instead *increase* the basis of the shares