Alcatel-Lucent Merger With Nokia.
Merger Announced 4/15/2015:
Nokia and Alcatel-Lucent (ALU) announced their intention to merge. Alcatel-Lucent shareholders who receive .55 shares of Nokia for every one share of Alcatel-Lucent.
US Department of Justice 6/17/2015:
The Justice Department announced that it will not take antitrust action to block the merger.
The European Commission approves the merger 7/24/2015:
The merger was approved by the European Commission.
Nokia controls Alcatel-Lucent 1/4/2016:
Nokia holds almost 80% of Alcatel-Lucent shares on 1/4/2016.
Nokia issues Nokia shares to Alcatel-Lucent shareholders 1/6/2016:
Nokia issues Nokia shares to Alcatel-Lucent shareholders in exchange for their Alcatel-Lucent shares.
This merger complicates already complicated tax cost basis computations for AT&T and its "offspring." The tax cost basis (or stock basis) for AT&T and its "family", including Nokia, 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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