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 | ||
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 | |
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12/04/90 | ||
% 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 | ||
In August, 1997 SFR | ||
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 | ||
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 | % 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 |
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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 | |
Providence, RI | |
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
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