Thanks for the link. The “scrip for scrip rollover” appears to be the most appropriate method for a scrip takeover offer, which allows the amount of time Neuren shares are held to be included in the 12 month CGT tax discount period (eg 6 months NEU held + 6 months Acadia held =12 months).
I wonder then if an all-scrip offer might be more advantageous than a scrip-cash offer. If a significant sum of milestones was paid out in a special dividend, the tax obligation would be considerable for larger shareholders since dividends don’t fall under a CGT tax discount benefit. Good problems to have
Phelan-McDermid Syndrome, page-82
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Last
$20.82 |
Change
-1.320(5.96%) |
Mkt cap ! $2.716B | |||
| Open | High | Low | Value | Volume |
| $22.06 | $22.11 | $20.63 | $5.319M | 249.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55 | $20.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.84 | 196 | 6 |
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