Can some one explains to me what this means? I have some HGSI but I am not sure if I should sell it now or not since I almost hold it for a year. If i can hold another month, I will pay less tax. I want to make sure that even i do not sell it now, i still can get 14.25 per share later. "Pursuant to the terms of the merger agreement, GSK is obligated to effectuate a merger of its wholly-owned subsidiary with and into HGS. At the effectiveness of the merger, each remaining share of HGS common stock not tendered (other than shares as to which holders properly exercise appraisal rights) is to be converted into the right to receive US$14.25 in cash, without interest and less any required withholding taxes. As a result of the merger, HGS common stock will cease to be traded on NASDAQ. If GSK owns at least 90% of the outstanding shares of HGS common stock following the subsequent offering period and, if necessary, the exercise of the top-up option, GSK expects to consummate a short-form merger with HGS."
This is my understanding. Let us verify it at the end of this week. You will receive $14.25 per share on August 3rd, 2012 even if you don't sell or tender. You still need to pay short term tax for it.
i even the appraisal the
【在 b**a 的大作中提到】 : Can some one explains to me what this means? I have some HGSI but I am not : sure if I should sell it now or not since I almost hold it for a year. If i : can hold another month, I will pay less tax. I want to make sure that even : i do not sell it now, i still can get 14.25 per share later. : "Pursuant to the terms of the merger agreement, GSK is obligated to : effectuate a merger of its wholly-owned subsidiary with and into HGS. At the : effectiveness of the merger, each remaining share of HGS common stock not : tendered (other than shares as to which holders properly exercise appraisal : rights) is to be converted into the right to receive US$14.25 in cash, : without interest and less any required withholding taxes. As a result of the
【在 w***h 的大作中提到】 : This is my understanding. Let us verify it at the end of this week. : You will receive $14.25 per share on August 3rd, 2012 even if you don't sell : or tender. You still need to pay short term tax for it. : : i : even : the : appraisal : the