On 30 March 2011, AXA merged with AMP.
AXA ordinary shareholders received 0.73 fully-paid ordinary shares in AMP and $2.5464 cash for each ordinary share they held on 16 March 2011.
AXA also paid a final unfranked dividend of 9.25 cents per ordinary share.
The market value of each AMP share received by AXA shareholders is $5.32.
There are three consequences:
Scrip for scrip rollover may be available to enable you to defer the realization of a taxable capital gain in respect of that part of the transaction involving the receipt of the AMP shares. Rollover relief is not available for the cash component.