One of the 6 major studios and the 4th largest media conglomerate in the world. If I elect for Disney shares I'm faced with the nightmare of filling out regular US IRS tax form declarations, and maybe having to pay for conversion of US dividend checks to AUD. That company will live on as the, Disney CEO Bob Iger, meanwhile, achieves the necessary bulk, theoretically, to mount a formidable competitor to. The trouble with newscorp, is it went from being listed on the Australian stock exchange, to being listed on the US one, via scheme of arrangement in 2004, further complicating the issue. Notable film franchises include Planet of the Apes, Alien and Die Heart.

and line 10 – 'claiming ... paragraph ? (as per bottom of page 6 of the declaration form).

Nominal value of FOX (21CF) sp for merger:- $51.572626 Nominal value of DIS sp for merger:- $114.1801 Conversion rate FOX (21CF) to DIS:- 0.4517 0.263183 of each share of FOX (21CF) tenderedexchanged for 1/3 of one share of FOX (new) 0.736817 of each share of 21CF common stock (remaining) following the Distribution to FOX (new) exchanged for DIS at conversion rate Distribution adjustment multiple:- 1.357190 Nominal Consideration for FOX (21CF):- $38.00 Adjusted Consideration for FOX (21CF):- $51.57 Cash election was oversubscribed and became cash paid per share:- $50.667340 allocation of DIS shares per share at rate of:- 0.007929 = $0.9053340, Is there any reason for a direct credit into an Australian bank account, despite thinking I was disposing all of my FOX shares with the cash option instead of Disney shares, somehow I got given 1/3rd more, and they sent me a dividend cheque for US$26 which cost me AU$25 to cash – no joy there, so I logged into Computershare and elected to have future dividend payments paid direct credit into my Australian bank account – for a fee of US$10 instead of their cheque fee of US$5, which added another joy – if I sell shares they'll charge me US$35 fee for direct credit instead of their check/cheque fee of US$25 – did the math – didn't like either, Ben Dover ! All rights reserved. Earlier today, 21st Century Fox completed the spin-off of a portfolio of 21st Century Fox’s news, sports and broadcast businesses, including the FOX News Channel, FOX Business Network, FOX Broadcasting Company, FOX Sports, FOX Television Stations Group, and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network, and certain other assets and liabilities, into Fox Corporation. The assets that Murdoch keeps provide a leaner, more focused entity built around the Fox broadcast network, Fox News Channel and Fox Sports. Disney acquired 21st Century Fox Company on March 20, 2019.

Disney is also acquiring approximately $19.8 billion of cash and assuming approximately $19.2 billion of debt of 21st Century Fox in the acquisition. The number of shares of New Disney common stock comprising the Stock Consideration was determined by dividing the Per Share Value by $114.1801, which was the volume weighted average trading price of a share of Disney common stock on the New York Stock Exchange over the fifteen consecutive trading day period ending on (and including) March 15, 2019. I think if you didn't complete the W8-BEN it would have been 30%.And yes you may be able to claim it (or part) as a foreign tax offset on the foreign capital gain. @ Qak: Your quote I'll check later, but vaguely ... was the $4.15/share from 21CF used to buy the $16.60/share New Newscorp (ie you get 1 share for every 4)? not sure if it helps, this is what I have in my records, 12/11/2004 (NCP) AUS scheme of arrangement 18/11/2004 AUD$23.28 (NWS) USA scheme of arrangement. Google the company and the date of the corporate action e.g. I also didn't find any record of my receiving cash around then. Here's the truth, Trump mocks journalist for getting shot by police with rubber bullet, Brianna Keilar calls out Fox News guest's Covid-19 misinformation, 'Princess Bride' director and star discuss 2020 'fire swamp', How Fox News covered the Woodward recordings of Trump, Former Speaker of the House Paul Ryan joins board of Fox Corporation, Disney shareholders narrowly approve CEO Bob Iger's pay package. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC.

That includes film rights to the X-Men, Deadpool, and Fantastic Four, as well as the Avatar franchise from James Cameron, the speciality distributor Fox Searchlight (which released Oscar winners The Shape of Water and The Favourite), and TV hits like The X-Files and Empire. It is full of nuance and small details.

bad news – US Computershare apparently has to report to the IRS details of each share sale, and may send me an IRS form 1099-B – https://www.youtube.com/watch?v=k5bSsMC-fDg. WTF ?) As per the terms of the amended merger agreement , the consideration will be worth $38 per 21st Century Fox share. the Fox Broadcasting Company, 20th Century Fox’s physical studio lot, Fox Television Stations, Fox News Group, and Fox Sports were spun off into a new company owned by the Murdoch Family, The Fox Corporation. Basically they were delisted from the ASX on 12/11/2004, and relisted on the US market and seemingly you got 1 US share worth AUD$23.28 on 18/11/2004 for every 2 AU ones you owned prior. FOX'd if I know – I'm not looking forward to income tax return on this nightmare. All that I could find suggested that the 15% is probably right (ETA: but you could also correctly pay 30%! Other notable Searchlight Pictures films include Little Miss Sunshine, Juno, 127 Hours, The Grand Budapest Hotel, Brooklyn, Three Billboards Outside Ebbing, Missouri, The Favourite, and Jojo Rabbit. “This is an extraordinary and historic moment for us—one that will create significant long-term value for our company and our shareholders,” said Robert A. Iger, Chairman and Chief Executive Officer, The Walt Disney Company.

I was told by a friend in high places that there are 6000 Australian shareholders involved.

All of the mergers / demergers / remergers / splits etc will have an ATO ruling. There was never a clear answer on that from Rupert Murdoch but ultimately it would seem that Murdoch was not interested in having to compete in the digital streaming revolution. I'm just happy we are all getting our withholding tax back!

I assume that means you have a 16k gain ... 50% Long Term CGT discount and marginal tax rate of 49%. has come to be known as the award season darling of the film industry, as they have won the Oscar for Best Picture 4 times since 2009 with the production of acclaimed independent films Slumdog Millionaire, 12 Years a Slave, Birdman, and The Shape of Water. shares they gave me as 1/3 fractional for 21CF something – but re-reading it now it says it's 'cash in lieu' of a fractional share (is shows as 0.666667) – um ok probably the value of 0.6 of a FOX share –.

thank you ma'am – yep so did I – I just spent half an hour today at my bank arranging the clearance/international conversion rate/deposit of two USD cheques to my Australian bank account – CBA charged me A$25 per cheque (pity I didn't have an age pensioner account or it might have been free) – which given one of my cheques was for US$26 left me an annoying net A$11 after their fee. If I elect for cash then I'd be up for tax, and faced with the nightmare of working out CGT over 21 years of share splits and wtf. urg – that's enough pain for today – I've worked out more details of my cost base – from the total portfolio value currently shown in US Computershare it looks like the cash came from selling all my old FOXA shares – but then they gave me another 1/3 fractional shares in the deal – so I've still got 1/3 as many FOXA shares as I had before – just no Disney shares – wtf ... ? In 2018 FOXLV became FOXA. The long-gestating acquisition officially closes March 20, and in the process reshapes two of Hollywood's major studios. Netflix brought about the cord cutting and streaming revolution! Other notable Searchlight Pictures films include Little Miss Sunshine, Juno, 127 Hours, The Grand Budapest Hotel, Brooklyn, Three Billboards Outside Ebbing, Missouri, The Favourite, and Jojo Rabbit. They don't actually say when the election deadline is which is less than useful. The cost base of the CDIs received:$16.50 per NNC allocated$16.5500 or $16.6000 per NNCLV allocated ($16.5500 is the closing price on 28 June 2013. To sell shares, I presume you would need to set up an international share trading account then transfer shares to the broker who can then sell them for you. Just got a US$29.43 cheque in the mail for a fractional share. Of more importance is the process for the bigger cheque for the rest. Getting nowhere with Computershare (USA). Time will tell. I'm now retired and preferring to simplify. "Do you have any more info? Disney has, "Anxiety is running high on the Fox lot," Vanity Fair, In a less obvious vein, expanding Disney's holdings means there may be additional pressure points and potential sources of controversy.

); and if you have insufficient taxable foreign source income to claim the offset then it seems you are going to lose it . I tried to summarise, so on my A4 file folder I've written – 1997 NCPDP became 2004 NWSLV became 2013 NNCLV, FOXLV, NWSVL or NWSA. – don't yet know if that's equivalent to W8BEN because I had to register for a PIN to be sent to me before I could logon to check – and it's just told me that might take ten days ... zzzzz !]. Important risk factors that may cause such a difference include, but are not limited to: (i) the risk that the anticipated tax treatment of the transaction is not obtained, (ii) potential litigation relating to the transaction that could be instituted against 21CF, Disney or their respective directors, (iii) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transactions, (iv) risks associated with third party contracts containing consent and/or other provisions that may be triggered by the proposed transaction, (v) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition and losses on the future prospects, business and management strategies for the management, expansion and growth of Disney’s operations after the consummation of the transaction, (vi) the risks and costs associated with, and the ability of Disney to, integrate the businesses successfully and to achieve anticipated synergies, (vii) as well as management’s response to any of the aforementioned factors. I think it's been discussed before – I'm pretty sure Citibank can cash these cheques for free, if you have a USD account with them.

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