OSIR (
https://finance.yahoo.com/quote/osir/ Osiris Therapeutics, Inc ) recently had a merger/buyout.
I got stuck with the cash from a "sale" that I didn't want and did not initiate.
Now I have to deal with this instead of ignoring the brokerage account, like a good Mustachian should ;-)
If any of this sounds like a MPP, already recorded in that thread.
I noticed a lot of class action filings on the merger.
What is the purpose of these?
Do they have a realistic chance of success?
According to Yahoo finance, the price of $19/share is far higher than the average price since 2006.
I fail to see the beef in the lawsuits.
Personally:
I got to find out where the brokerage hides the cost basis (separate from a form 1099) so I could update my estimated taxes.
My basis is ~ 35% of the sale value, so I made out OK.
I was also wondering if the "mandatory reorg fee " of $38 as an adjustment in Schedule D is allowed.
I think it is, but I'm not sure.