Jester,

I wanted to ask you to clarify the tax status of ALU shares that you brought up. I'm on the phone with my broker, and theyre passing the buck by saying have my cpa advisor read the 100 page relevant document.

Is your understanding that 

1. One is going to get hit with a potentially nasty and unwanted capital gains of the ALU shares tendered, as the shares will be considered as sold as of the close of the tender deal (Dec. 22nd); or

2. The holding period doesn't involve an immediate capital gain, but the holding period 'clock' gets set back to 'zero' on the NOK shares you got for your ALU shares?

Thanks in advance.