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jbog

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jbog

Re: DewDiligence post# 137377

Sunday, 02/19/2012 8:31:54 PM

Sunday, February 19, 2012 8:31:54 PM

Post# of 257259
Not exactly. There is an original spin-off of 100% of the company by Pfe's divestiture because it will be an newco. The 80% rule has to be in effect because PFE will be the original owner of at least 80% of the newco.

If PFE sold more than 20% the 1st transaction would demand capital gains.
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