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DewDiligence

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DewDiligence

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Re: p3analyze post# 86324

Sunday, 11/15/2009 8:55:52 PM

Sunday, November 15, 2009 8:55:52 PM

Post# of 257262

Question BMY split off MJN - where does the money come from?

The plan announced today is a stock swap in which no cash will change hands. BMY is effectively using its 83% stake of MJN to implement a cashless buyback of its own stock. The beauty of the plan is that neither BMY nor its shareholders will owe any capital-gains taxes.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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