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Ford/Visteon Spin-off

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Posted by Dennis Kowallek on July 01, 2000 at 07:25:17:

Before proceeding, I did read, but the info supplied by Ford was in terms of "old basis"/"new basis". Here is the info...

"On June 28, 2000, Ford Motor Company ("Ford") distributed all of the common
stock of Visteon Corporation ("Visteon") owned by Ford to Ford Common and
Class B shareholders of record as of the close of business on June 12, 2000.
Unless you sold your right to receive Visteon shares before the distribution
date, you recently received .130933 shares of Visteon for each Ford share
you owned.

To determine your tax basis, you will have to allocate the tax basis that
you had in your Ford shares between your Ford shares and your Visteon shares
based on their relative fair market values on June 28, 2000. Based upon the
average high and low composite prices of Ford and Visteon on the New York
Stock Exchange on June 28, 2000, 96.07% of your pre-distribution tax basis
in your Ford shares should be allocated to your Ford shares, and the
remaining 3.93% should be allocated to your Visteon shares (including any
fractional share interest)."

This is all they provided.

How would I enter this in FM?

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