Western Union Company was distributed to holders of First Data Corporation in a tax-free spinoff on September 22, 2006. One share of Western Union Co (WU) was received for each share of First Data (FDC).
The allocation of your original basis in First Data to account for this distribution is as follows: Western Union 45.55% First Data 54.45%
Your purchase data for Western Union is the date you acquired your First Data stock.
Use our handy spinoff calculator to compute your new cost basis and the gain or loss on any "cash in lieu" of fractional shares payment. Just click on the image of the spinner to the right and then select "Western Union" from the drop-down menu. Many fields will be pre-filled for you. Simply add your own cost basis information for First Data.
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Information provided is intended solely for U.S. individual cash-basis taxpayers and is believed to be accurate for most cases. Always consult your personal tax advisor about your own situation. Suggestions are most welcome. Please e-mail webmaster @ costbasis.com or write to us at P O Box 11022, Chicago IL 60611 with your comments.