Q-Is it true that Baxalta is being sold? A- It appears that the Baxalta purchase will go through. Stock Holders will see the change as of July 1st 2016
Q-What will the trading symbol be? A-SHPG
Q-If I currently own Baxalta stock what will my result be? A-As of July 1st current Stock holders will receive $18 dollars per share cash as well as .1482 percent of the Shire shares. While we don’t know exactly what this will mean as far as the actual transition price, it does look as if a small premium will be paid for the Baxalta stock.
Q- Is this a taxable event? A-The corporate notice says yes that this is a taxable event (outside of a qualified account). However, I would suggest seeing an account to know exactly how the potential tax liability will affect you.
Q- Do I have to take the funds and stock or can I just keep Baxalta? A-Yes, you must take the funds, as the company will stop existing.
From Bob Haggarty, host of WGTD's noon-time Market Minute
