HP (Hewlett-Packard) to Buy Out EDS.
Deal Announced 5/13/2008:
On 5/13/2008 HP and EDS (Electronic Data Systems) jointly announced that HP will purchase EDS for $25 per share.
This deal is supposed to close in the second half of 2008.
This will be a taxable sale. You will need to know your cost basis to figure your gain or loss.
Deal Completed 8/26/2008:
H-P announced that the Electronic Data Systems, EDS, - HP business combination (acquisition) was completed today.
GM spun off GM Class E shares. Later GM class E shares became EDS. Figuring your EDS tax basis could be very time consuming. However, if you have the GM Basis Calculator, this computation is done automatically. This program will help those with EDS shares acquired through either GM or GM class E. (The program will not be needed if you acquired EDS shares as EDS.)
Cost Basis Calculation:
The EDS tax cost basis can most easily computed using the GM Basis Calculator.
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GM Basis Calculator
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See the HP - EDS News Release May 13, 2008.
See the HP - EDS News Release May 13, 2008.