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Praxair Linde merger
Posted on 3/8/19 at 7:58 pm
Posted on 3/8/19 at 7:58 pm
Anyone have any insight on the merger/exchange that happened in 2018?
1
Posted on 3/8/19 at 8:10 pm to simonizer
What do you want to know specifically?
Posted on 3/8/19 at 8:13 pm to castorinho
tax treatment specifically. it looks like a forced exchange.
Posted on 3/8/19 at 8:44 pm to simonizer
Simply put, if you owned praxair shares, you have to pay capital gains tax IF your cost basis is lower than what you recwived at the time of the exchange. Pretty sure you can't claim a loss though. And there's some other stipulations about fractional shares.
Find the S-4 for details. I'll look it up if I have a second this weekend.
Find the S-4 for details. I'll look it up if I have a second this weekend.
Posted on 3/8/19 at 8:48 pm to castorinho
Yea, but no one received anything, they just got linde shares. It sucks for many, because of the forced exchange.
Many people acquired shares through union carbide/praxair with minimal cost basis. They are having to pay cap gains on something they didnt want to sell.
Many people acquired shares through union carbide/praxair with minimal cost basis. They are having to pay cap gains on something they didnt want to sell.
This post was edited on 3/8/19 at 8:49 pm
Posted on 3/8/19 at 9:09 pm to simonizer
quote:Praxair shareholders voted for it to go through
because of the forced exchange.
Posted on 3/8/19 at 9:10 pm to castorinho
I assure you minority shareholders got screwed.
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