Genre:

The Anatomy of Public Corruption

Now Playing The "Santa Fe Southern Pacific Corporation Witness Killers"

Connecting Success Factors to Bennett

The Dubious Phone Call and Time Wasting Project
The folks at TPG will have to answer to my Whistleblower Complaints on the truly odd collection of RFPs emanating from companies connected to Richard Blum, William McGlashan, CBRE, Regency Centers, Trammel Crow, Lennar, Catellus.

My story is about witness murders, private equity, mergers and acquisitions linked back to the Matter of Bennett v. Southern Pacific lost in 1989.  It was a winnable case as long the witnesses testified.  

SANTA FE PACIFIC CORPORATION*
COST BASIS CHANGES
*This summary is for information purposes only and does not constitute tax advice. Please review with your tax advisor. Information provided herein may not be current when referring to “subsequent spin- off(s)” and spin-off company contact information.

Atchison, Topeka & Santa Fe Railway
Southern Pacific Company
1951
2:1 stock split

08/08/52

2:1 stock split
08/01/56
5:1 stock split

10/19/59

3:1 stock split
08/21/68
1:1 Exchange of AT&SF for Santa Fe Industries


Santa Fe Industries, Inc. (SFI)

5/11/81
3:1 stock split

06/30/83

2:1 stock split

Santa Fe Southern Pacific Corporation
12/23/83
Business combination between Santa Fe Industries, Inc. (SFI) and Southern Pacific Company (SP)

to form Santa Fe Southern Pacific Corporation (SFSP)


1.203 SFSP for 1 of SFI
1.543 SFSP for 1 SP
02/16/88
$25.00 cash dividend per share

03/01/88
$5.00 face value of 16% debenture per share (special dividend)

For cost basis purposes, 33.7732% of the total of $25.00 + $5.53 (fair market value of the

debentures) = the non-taxable portion of the dividend. That amount reduces the cost basis. The

balance of the Feb. and March payments was deemed a dividend.

Santa Fe Pacific Corporation (SFX)
04/89
Name change from Santa Fe Southern Pacific Corporation to Santa Fe Pacific Corporation did not

require reissuance of existing SFSP certificates

12/01/89
100% of $.10 per share dividend is return of capital - reduction of basis
09/21/90
Optional exchange of 16% debentures (issued in 1988 special dividend) for stock. Cost basis of

this block of shares is approximately $16.00 per share (varies nominally with the amounts

exchanged). Debentures not exchanged were called for redemption on 11/19/90 at 103%
11/16/90
100% of $.10 per share dividend is return of capital - reduction of basis
1
12/04/90
Spin-off of Santa Fe Energy Resources (SFR), Catellus Development Corp. (CDX)


% of Total Basis

SFR: Rec'd 1 share for every 3.317247 of SFX
38.13249%

CDX: Rec'd 1 share for every 4 of SFX
15.86936%

SFX remaining basis
45.99815%

Subsequent spin-offs:


In August, 1997 SFR spun-off Monterey Resources at .441074 shares of Monterey for each

share of SFR.
% of Total Basis



SFR:
56.77%

Monterey:
43.23%

Also, in Aug. 1997, Texaco agreed to acquire Monterey. The exchange ratio was .3471 shares

of Texaco for each share of Monterey. On October 9, 2001, Texaco and Chevron merged to

become Chevron Corporation.


In May, 1999 Santa Fe Energy Resources (SFR) merged with Snyder Oil Corp. and changed its

name to Santa Fe Snyder Corp (SFS). The name change did not require re-issuance of existing

SFR certificates.


In August, 2000, Santa Fe Snyder Corp (SFS) merged with Devon Energy Corporation (DVN).

Each share of SFS was exchanged for 0.22 shares of Devon common stock.
03/15/91
Redemption of shareholder rights plan. Number of shares received calculated based on shares

held: [(# of shares x $.05) / $6.5791]


Cost basis: holder's existing basis is spread, or allocated, among existing shares plus additional

shares received.

12/02/91
100% of $.10 per share dividend is return of capital - reduction of basis
12/01/92
100% of $.10 per share dividend is return of capital - reduction of basis
09/30/94
Spin-off of Santa Fe Pacific Gold (GLD)
% of Total Basis



GLD: Rec'd 1 share for every 1.666634 of SFX
44.78%

SFX remaining basis
55.22%
Subsequent Spin-off: On May 5, 1997 GLD merged with Newmont Mining. Each share of GLD received .43 shares of Newmont. No change in total cost basis.
02/08/95 SFX/BNI joint tender offer @ $20 per share; 56.4655% of shares tendered were accepted; remainder returned to holder.
Burlington Northern Santa Fe Corp (BNI
09/22/95 Santa Fe Pacific Corp. (SFX) and Burlington Northern Inc. (BNI) effected a business combination and shares were exchanged for those of Burlington Northern Santa Fe Corp.
Burlington Northern Inc. shares were exchanged on a 1:1 basis. Santa Fe Pacific Corp. shares received .41143945 shares of Burlington Northern Santa Fe. There was no change in total cost basis. It was a tax-free exchange, except for proceeds received from the sale of fractional shares.
09/01/98
3:1 stock split
2
Spin-off CompaniesInformation provided herein may not be current when referring to “subsequent spin-off(s)” and spin-off company contact information.
Devon Energy Corporation
Contact Transfer Agent: Computershare Trust Company, N.A. PO Box 43078
Providence, RI 02940-3078 877-860-5820
Catellus Development Corporation (now a ProLogis company)
Thursday, September 15, 2005, Catellus Development Corporation was merged with and into ProLogis (NYSE: PLD) in a stock and cash transaction. For more information on the transaction, please visit ProLogis' Investor Relations webpage. For information on ProLogis, go to www.prologis.com.
Contact Transfer Agent:
Investor Inquiries:
Computershare (formerly Equiserve)
Robbin Lee
PO Box 43010
303-567-5690
Providence, RI 02940-3010
800-956-3378

Chevron Corporation
Contact Transfer Agent:
BNY Mellon Shareowner Services PO Box 358015
Pittsburgh, PA 15252 800-368-8357
Newmont Mining
Contact Transfer Agent:
BNY Mellon Shareowner Services 480 Washington Blvd.
Jersey City, NJ 07310 888-216-8104
3
Share:

No comments:

Anchor links for post titles

Popular Posts

Blog Archive

Labels

Recent Posts

Popular Posts

Labels

Recent Posts

Pages

Labels

Blog Archive

Recent Posts