NEU 6.14% $20.78 neuren pharmaceuticals limited

Phelan-McDermid Syndrome, page-80

  1. 2,737 Posts.
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    @Eagle0
    Capital Gains implications for a company being taken over can vary. Refer to this ATO link for details:

    https://www.ato.gov.au/Forms/Guide-to-capital-gains-tax-2022/?anchor=Identifyingsharesorunitssold#

    NEU should be able to talk to the ATO about a special CGT ruling for NEU being taken over via a share arrangement but I am not sure whether this only applies if the takeover company is an Australian entity or not. Maybe Acadia could set up an entity that would allow Australia & NZ shareholders to be able to buy and sell their new Acadia OZ holdings via the ASX. If it is a friendly takeover by Acadia, then I am confident Jon and the Board would do their best to maximise the benefit for its shareholders.


 
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