ESPP-Buyout how will it work?

Anonymous

Guest
Can anyone explain how the buy out will work with our ESPP stocks that we currently own? I heard 80% of value will become Abbvie stock and 20% will be cash, but how does this affect the taxes we have to pay. Do we have to pay gain tax on our 80% shire stock when they transfer to Abbvie or is it a clean transfer with no tax liability? Thanks in advance for knowledgeable answers.