Advanced Micro Devices (AMD) merger with Xilinx (XLNX)

Advanced Micro Devices completed its merger with Xilinx on 8/26/2021 for 0.63 shares of Advanced Micro Devices stock for each XLNX share.

The Form S-4 SEC filing for this merger can be found through the SEC EDGAR web site at:

https://www.sec.gov/Archives/edgar/data/0000002488/000119312520309831/d83168ds4.htm

 

Resolution:

The companies plan to structure the merger so it is a non-taxable event. We will assume they are successful and will treat this merger as a simple merger. The information below is based on the information available from a form S-4 filed with the SEC. Price information is from websites offering historical prices.

NOTE: The companies state making this a (non-taxable) reorganization is a requirement for this merger to be completed. However, there is the possibility the IRS will disagree with their characterization. These instructions assume the companies succeed in their efforts. New instructions will be written, if and when it becomes known the merger should be treated as a taxable event.

 

The Merger Entry Go to Transactions > Merger or Accounting > Securities > Record merger of securities depending on the version of the software being used. If you are unfamiliar with merger transactions you can get help at this URL: http://www.iclub.com/support/kb/default.asp?page=normal_merger

Here is the information needed for Xilinx shareholders to complete the merger.

  • Date: 2/14/2022
  • Old Security or Merging Company: Xilinx (XLNX)
  • Price per share of old Security / :  Use last XLNX valuation, if needed
  • Cash received:  See your broker statement for cash-in-lieu
  • New Security: Advanced Micro Devices (AMD)
  • New Security Price: 115.51   (Opening price on 2/14/2022)
  • Shares received : 1.7234 x (# of XLNX shares owned).
    • (Remember to include fractional shares.) For example, if you owned 100 XLNX shares, you should receive 1.7234 x 100 = 172.34 AMD shares.

 

Save the transaction and the merger has been entered.