There is one BIG benefit by accepting!!It might be worth...

There is one BIG benefit by accepting!!

It might be worth re-reading the Target statement again ... especially the section under TAX!!!

Basically, with GUJ/O ... if you dont accept the offer by Novemebr 16 you will NOT get any rollover CGT tax relief. If you accept the offer by Nov 16, it is classed as an "Aquisition" of your shares & they rollover to INR/O. It is not a sale & does NOT trigger a CGT event ... your new INR/O shares will then have the same purchase date as your original GUJ/O, and will not be subject to capital gains from the aquisition. So you can hold them & sell after the 12 months is up, getting your 50% tax relief.

If you DONT accept by Nov 16 and the takeover goes ahead, they will then still get your GUJ/O, but it will be classed as a "Sale" & will trigger a CGT event. You will now have to declare the proceeds from the sale & pay 100% tax.

Something to consider .. I have accepted already!

;-)

cheers