I received a notice from Computershare where I had a small number of ABT shares. The options were to sell and receive cash or buy enough shares to get to 100. The check is in the mail. Interestingly, I have also have a small number of ABBV shares but there's not a similar move by them. I requested the cash and the check is in the mail. I don't think it's a big deal.
I made 3 buys in the first half of 2008 between $16.28 and $18.35. The low point was Nov 20, 2008 at $7.17. It bounced around in the mid $8 and $9 range and then went down to $8.36 on March 6, 2009. Those were tough times to hang in the market.
I found a few tax articles state that pension funds to not pay capital gains taxes which makes the suit an odd one. Maybe they are looking out for their member that hold AbbVie in a taxable account. For those that do have AbbVie stock that puts them in a position to be liable for capital gains taxes, it would seem that they are simply paying now instead of later. Paying the tax now resets the basis so they will pay less in capital gains when they sell the stock of the new company. Could work out to be a wash if the tax rates remain the same. Could be a benefit if tax rates on capital gains goes up. No one likes to pay taxes but the tax will be paid eventually unless you pass it on to your heirs. Most of my AbbVie stock is in an IRA and I will be paying at my marginal rate (likely more than 15%) when I sell so the inversion doesn't have any immediate effect on me.