[Magdalen] Off topic no Anglican content help needed......

[Brian Reid]

Sometimes when a merger happens, the paperwork is handled by selling the 
stock in the being-acquired company and then buying it back in the new 
name. This creates what the IRS calls a "taxable event", which means 
that the holder of the stock in the being-acquired company is 
responsible for paying taxes on that sale even though they did not 
receive any of the proceeds from the sale. I recommend that you read 
carefully through the merger documentation to find out if the stock 
conversion is a taxable event.