Adkerson should be kicked out the door.
He's close to 70 years old and is most likely the worse CEO in the USA.
Is it true that this guys compensation was 40 million last year?
Merck.....buyout of AZN?
Dream on dude.
Nobody wants to go near AZN as long as your boy Soriat is on the premises.
" My contention is that Pfizer will be coming back for AZ".
Yeah O.K. Keep running with that.
Reading between your lines seems to me you're down plenty here. Hope I'm wrong.
Me, I'm a Pfizer holder and would like to see a Bristol Myers hookup.
I don't agree.
Pfizer's done with AZN.
The tax incentive is gone courtesy of the U.S Treasury.
Big shareholders behind the scenes didn't like the price tag and to round it off, your CEO would have lost his job.
Pfizer doesn't keep CEO's of other companies and Soriat would have been shown the door.
My understanding is this will be completed in early 2015.
But what I don't know is will we receive shares in this new company?
Beg to differ,pat
We need leadership, period.
There's no leadership in the White House.
I've been around since FDR and the guy in there now is a bad joke.
Thanks for the reply.
I don't intend on selling my LO shares pre or post merger.
I just don't want to find out that I have a $100,000 or so capital gain on my own money.
I've been involved in several takeovers or mergers in 30 years but all of them were carry-overs with no capital gain tax. and the companies always posted information so you could make your own decision. With this one, there's no information posted. And I'm not interested in calling investor relations and getting information from a temp warming the seat.
I did read your earlier stuff. And others also. But no clear answer yet.
No problem with paying gains tax on my 2000 shares I own now if I sell before the merger.
My issue is this:
If I hold when RAI gets in the picture and they give us $50.50 in cash for each share, will that be treated as a carry-forward or will we be liable for a massive capital gain tax since this is not a spinoff.
RAI is a different company.
I admit not to be the smartest guy about this.
But if something was posted on their homepage about this, it would be a lot clearer to me.
I went over to LO's website and accessed investor relations.
I read a long drawn out explaination about the merger and how great their products are and how this will benefit all the shareholders.
But not one word about how this will be treated tax wise.
Maybe they don't know themselves.
If there's capital gains on my own money, I'm bailing before this merger takes effect.
I own 2000 shares of LO.
If and when this process is completed and we receive $50.50 per share from RAI plus the .30 share, is there a capital gain tax on the $50.50 or is it just the return of our money?
Maybe someone smarter then me knows the answer.