Jamok,

They've already changed my ALU shares to some CUSIP to prevent trading, and they explained that if I did change my mind and want to sell, it could take days to arrange. ALU itself will likely cease trading around the 22nd. My understanding is at that point it will be as if I sold the ALU at that price, which will mean short term capital gains for me in 2015. What I'm not clear on is when exactly the holding period for the NOK shares they become begins, but it will be some time after the 22nd.