AFTER 35 YEARS WE WILL BE CLOSING THE BUSINESS ON MAY 31, 2022. WE WILL NOT BE ABLE TO PROVIDE TECHNICAL SUPPORT!

AT&T Corp Merger with SBC Communications. Cost Basis Changes.

Merger Completed 11/18/2005:

For every one share of AT&T Corp, the shareholders will receive 0.77942 shares of SBC Communications. As part of the SBC Communications merger, AT&T Corporation shareholders will receive a $1.30 special dividend.

That in itself is fairly straight forward. Here is where it gets strange:

On 11/18/05 AT&T's stock symbol, "T", goes away. SBC is renamed AT&T! The merged AT&T and SBC will trade using the stock symbol of SBC until 11/21/05. On 11/21/05, the SBC stock symbol goes away and SBC (now called AT&T) will trade using the old AT&T stock symbol of "T".

This merger complicates already complicated tax cost basis (or stock basis) computations for AT&T and its "offspring." The AT&T tax cost basis can most easily computed using the AT&T Divestiture Basis Tracker. You can order the Denver Tax Software, Inc. AT&T Divestiture Basis Tracker.

Order & Download Now! Special discounted price through 4/30/2022 $79. Regular Price $119. (3,011 KB Approx. 3 minute download [broadband]). Order licenses for additional machines.

Get more information about the AT&T Divestiture Basis Tracker.

|Products|Home|Order|
|Free Software|Support|

 

Denver Tax Software, Inc.
PO Box 632285, Littleton, CO 80163-2285
Voice: 1-800-326-6686     Fax: 1-888-326-6686

Copyright© 1997-2022, Denver Tax Software, Inc.