Interim guidance on outstanding stock rights
When stock rights
are distributed to an investor, the investor is generally not required to recognize the receipt of the stock rights
as a taxable event.
* permitting the holder to exchange the Stock Right
for a cash amount that would be available if the Stock Right
"Poison pills" are contingent stock rights
that are incorporated into a stock certificate or distributed as a dividend, which serve to enable a corporation to defend itself against an unsolicited tender offer.
The preamble to the proposed regulations suggests that whenever the terms of the stock agreement or those of the plan under which the right is granted provide the plan administrator with a general power to modify the terms of outstanding grants of stock rights
, none of the grants will be excluded from treatment as deferred compensation under Sec.
FDC's financial services subsidiary EastWest Bank (EW) recently increased its authorized capital stock to P50 billion in preparation for its planned stock rights
Holding period: Nontaxable stock rights
take the same holding period as the underlying stock (i.e., the related stock's holding period "tacks on" to the stock right
, under Sec.
Further, since the formation of the holding company did not have any federal or state tax consequences to the stockholders of Insituform, stockholders were not required to any action regarding their Insituform shares and the accompanying preferred stock rights
and share certificates are deemed to evidence an identical number of shares and rights of Aegion.
"We're looking at a possible combination of a swap and a stock rights
offering because there will be components as well that we'll need for future expansion," AC Energy President Eric T.
LT Group President Michael Tan said P6 billion to P7 billion of this year's capex will be spent on PNB's P12-billion stock rights
Babcock & Wilcox announced that it has fixed March 15 as the record date for determination of shareholders entitled to participate in B&W's common stock rights
The LGL Group Inc (NYSE:LGL) disclosed on Thursday that it has set the close of trading on the New York Stock Exchange on 5 September 2017 as the record date for its common stock rights
offering and set USD5.50 per share as the purchase price for the common stock offered, pursuant to the rights offering.