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GE Offering of Synchrony (SYF) Stock

GE is the third most widely held stock by bivio investment clubs. One club recently asked about documents they had received from their broker that asked if they wanted to exchange some of their shares of GE stock for Synchrony (SYF) shares.

This has come about because GE is separating its financial arm from the rest of its operations. There is a lot more information about the exchange here:

GE/Synchrony Exchange Offer

It is an optional exchange and they won't determine exactly what you'll receive until everyone has sent in their elections. If you want to take advantage of it, your broker will have sent you paperwork that needs to be sent back to them, probably pretty soon. You'll need to check with your broker to find out the exact date.

From a tax standpoint, it appears this will not be a taxable exchange. But whether or not it makes sense from an investing standpoint is something your club will need to decide.

Have any of you discussed this in your club meetings? What are you planning to do and why? I suspect many on this list might be interested in hearing any and all perspectives you've had on this.

Laurie Frederiksen
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