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Pawche  
#1 Posted : Monday, December 3, 2018 3:55:43 PM(UTC)
Pawche

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On November 28, 2018 CVS completed its merger with Aetna. For Aetna shareholders this was a taxable event. It should be treated as a sale of Aetna for the total value of cash and CVS shares received in the merger, including fractional shares.
Aetna shareholders received $145.00 in cash plus .8378 CVS shares for each Aetna share. Using an opening price of 80.27 for CVS on 11/28/18 the total value received for each Aetna share would be 212.2502.
Receipt of CVS shares are treated as a buy of CVS shares for the market price on the merger date. The holding period for CVS shares for Aetna shareholders will start on the merger date NOT on Aetna purchase dates.
Details for entering this into ICLUBcentral accounting programs will be posted soon on the ICLUB web site.

Russell Malley

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sean  
#2 Posted : Tuesday, December 4, 2018 9:26:41 AM(UTC)
sean

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I have the steps posted up on our FAQ site now. The direct link is:
https://www.iclub.com/faq/Home/Article?id=616
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