ESPP-Buyout how will it work?

Discussion in 'Shire' started by Anonymous, Oct 8, 2014 at 4:06 PM.

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  1. Anonymous

    Anonymous Guest

    Can anyone explain how the buy out will work with our ESPP stocks that we currently own? I heard 80% of value will become Abbvie stock and 20% will be cash, but how does this affect the taxes we have to pay. Do we have to pay gain tax on our 80% shire stock when they transfer to Abbvie or is it a clean transfer with no tax liability? Thanks in advance for knowledgeable answers.
     

  2. Anonymous

    Anonymous Guest

    Speak to a financial advisor.
     
  3. Anonymous

    Anonymous Guest

    Read your e-mail, a note from HR came out about this recently.
     
  4. Anonymous

    Anonymous Guest

    What date was the email sent. I saw the ones about our ESPP for this year, and to hold or sell, but nothing explaining how the buyout will effect our current shares and the ones we have coming. Thanks.
     
  5. Anonymous

    Anonymous Guest

    Deal may be off so I wouldn't count on anything yet
     
  6. Anonymous

    Anonymous Guest

    Nevermind