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Abbott Laboratories Message Board

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  • jack_straw_67201 jack_straw_67201 Dec 21, 2012 12:47 PM Flag

    Dtermining the Tax basis of ABT versus ABBV shares

    ABBV will be spun off on 1/1/13 and, thus technically, doesn't start trading as a separate company until 1/2/13.

    The allocation based on market value can be made after the close of trading on 1/2/13.

    The guidance from Abbott on the Hospira spin-off was based on the average high/low price on the first day Abbott and Hospira traded as separate companies.

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    • I just spoke with ABT Shareholder Services and they said that ABT will issue a statement after the first day or two of trading in the new shares (so on Jan. 2 or 3) which will provide guidance about how to allocate tax basis as between shares of the new ABT and ABBV.

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