Advice please
There's a bid currently in place for EMAP The offer seems to be: special dividend of £4.61 per share cash offer of £4.70 per share total of £9.31 per share.
TIA
On the face of it the dividend would be income, which as you suggest is a nutcase way of making an offer
tim
Actually, it's quite a neat way of making the offer (in my circs). If the offer was all £9.31 per share, I'd be getting a CGT bill (over the annual CGT allowance for the whole tax year). As it is, at £4.70/sh, I'm getting a loss which happens to be quite useful close to the end of the tax year. I end up getting £9.31/share cash (capital and income payments), paying less CGT, or possibly no CGT as it could bring me back down inside the annual allowance (but of course, I'll be paying income tax on the special dividend).
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