Agere Systems Merger with LSI Logic. This Changes Cost Basis.
Merger Announced December 4, 2006:
When the Agere - LSI merger occurs, shareholders of Agere should receive 2.16 shares of LSI Logic for each share of Agere Systems.
The Agere - LSI merger is subject the approval of both Agere System's shareholders and LSI Logic's shareholders. This merger is expected to occur in 2007.
This merger complicates already complicated tax 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.
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