All Avaya Stock Sold on October 26, 2007 in Avaya Merger with Siver Lake
Report Avaya Sale on 2007 Tax Return
The Avaya merger is not tax - free. The Avaya sale will need to be reported on Form 1040, Schedule D for individual taxpayers. To do this, you will need to cost basis (or stock basis).
Reported 6/5/07:
On June 4, 2007 Silver Lake and TPG Capital LLC agreed to purchase Avaya. This deal was completed around October 26, 2007.
Most deals with AT&T and the AT&T "family" were tax-free exchanges. This is NOT the case with the Avaya deal.
Shareholders of Avaya should receive $17.50 per share. Thus, for most shareholders, this will result in either a capital gain or loss. To determine the gain or loss shareholders will need to determine their cost basis (tax basis).
The AT&T tax cost basis can most easily computed using the AT&T Divestiture Basis Tracker. You can easily order that program by clicking on the below "Get the Software" button.
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Get more information about the AT&T Divestiture Basis Tracker.