Out of interest I did a google search on the tax implications (pretty quiet night on the homefront tonight!) - good article here.
My take is that one can defer any capital gains on the share component until disposal of the MMS shares. Capital gains tax will have to paid on the cash component however, to the extent of the overall gain (if any) on the transaction by the multiplied by the proportions the cash component makes up of the transaction.
For example if you bought in at $2.00 and the total value of the deal ends up being $2.85. Your capital gain is $0.85. Your cash component of $0.46 makes up 16.1% of the transaction and on a pro-rata basis the capital gain applied to the cash component is $0.14 (rounded up) per share.
Out of interest I did a google search on the tax implications...
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