1:10 reverse split

Mar 10, 2006 1 Replies

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Sparky 20 years ago

In June of last year Agere Systems Class A common stock did a reverse split

1:10 and then did away with class A and moved all positions into Agere Systems Inc. (new company)

I can see how to do a reverse stock split but then it becomes a new named stock. Do I sell it out of Class A and buy into Agere Systems Inc?

Can anyone help me with this?

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danbrown 20 years ago

Double check the "Tax Info" that should have been provided by Agere ... but it's almost certain that the switch from the Class A to Agere was tax-free.

Take a look at the "Corporate Acquisition" transaction.

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