What are the United States federal income tax consequences of having my shares of Semitool common stock accepted for payment in your offer or receiving cash in the merger?
The receipt of cash pursuant to our offer (or the merger) will be a taxable transaction for United States federal income tax purposes under the Internal Revenue Code of 1986, as amended, and may also be a taxable transaction under applicable state, local or foreign income or other tax laws. Generally, for United States federal income tax purposes, a shareholder having shares of Semitool common stock accepted for payment in the offer or receiving cash in the merger will recognize gain or loss equal to the difference between the amount of cash received by the shareholder in our offer (or the merger) and the shareholder’s aggregate adjusted tax basis in the shares tendered by the shareholder and accepted for payment in our offer (or converted into cash in the merger). Gain or loss will be calculated separately for each block of shares tendered and accepted for payment in our offer (or converted into cash in the merger).
Related Questions
- What are the federal income tax consequences of exchanging my shares pursuant to the offer, during a subsequent offering period or pursuant to the merger?
- If I did not tender my shares of Semitool common stock before the offer expired, what will happen to my shares?
- How many shares of common stock did DSW offer at its initial public offering?
