The Anatomy of Public Corruption

Supreme Court Ruling Resolves a KBR Legacy Legal Issue

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.  



Supreme Court Ruling Resolves a KBR Legacy Legal Issue



NEWS PROVIDED BY
KBR, Inc. 
Jan 15, 2019, 05:52 ET

HOUSTONJan. 15, 2019 /PRNewswire/ -- KBR (NYSE: KBR) issued the following statement in response to the Supreme Court decision to deny writ of certiorari in Metzgar v. KBR, preserving key protections for contractors who provide support to the U.S. military in warzones and other unpredictable and dangerous situations:
"KBR believes the Supreme Court made the correct decision and we are pleased that this legacy case has reached final resolution.
"The Fourth Circuit unanimously affirmed the dismissal of this case based on extensive evidence and long established legal principals, confirming that the U.S. military made all the key decisions regarding waste management in the war zone.  As KBR has consistently stated, the limited number of burn pits operated by KBR were operated at the direction and under the control of the U.S. military. 
"KBR is proud of our longstanding partnership with the military, delivering mission critical services across the globe."
About KBR, Inc.
KBR is a global provider of differentiated professional services and technologies across the asset and program lifecycle within the Government Services and Hydrocarbons sectors. KBR employs approximately 34,000 people worldwide (including our joint ventures), with customers in more than 75 countries, and operations in 40 countries, across three synergistic global businesses:
  • Government Services, serving government customers globally, including capabilities that cover the full lifecycle of defense, space, aviation and other government programs and missions from research and development, through systems engineering, test and evaluation, program management, to operations, maintenance, and field logistics
  • Technology, including proprietary technology focused on the monetization of hydrocarbons (especially natural gas and natural gas liquids) in ethylene and petrochemicals; ammonia, nitric acid and fertilizers; oil refining and gasification
  • Hydrocarbons Services, including onshore oil and gas; LNG (liquefaction and regasification)/GTL; oil refining; petrochemicals; chemicals; fertilizers; differentiated EPC; maintenance services (Brown & Root Industrial Services); offshore oil and gas (shallow-water, deep-water, subsea); floating solutions (FPU, FPSO, FLNG & FSRU); program management and consulting services
KBR is proud to work with its customers across the globe to provide technology, value-added services, integrated EPC delivery and long term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Forward Looking Statement
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; the scope and enforceability of the company's indemnities from its former parent; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
KBR's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that KBR has identified that may affect the business, results of operations and financial condition. Except as required by law, KBR undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
SOURCE KBR, Inc.

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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
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