Genworth Financial Inc (GNW)

[bly03]

Assuming that the merger is approved and the deal gets done:

For tax purposes, would the $5.43/share in cash be treated the same as if the shares were sold for $5.43/share on the open market?

Also, the proxy statement states:

Pursuant to the terms of the merger agreement, if approved, upon completion of the merger, each outstanding share of Genworth common stock immediately prior to the effective time of the merger (other than those owned by dissenting stockholders who timely and properly demand appraisal under Delaware law) would be converted into the right to receive $5.43 per share, in cash, without interest and less any applicable withholding taxes.


So, if I hold my shares in a brokerage account (TDAmeritrade), would this "right to receive $5.43 per share, in cash" happen automatically, or would I need to contact them to tell them I would like to excercise my right to receive $5.43/share?