ggr@pyuxbb.UUCP (10/17/83)
/***** whuxh:pr.intinf / mhwpd!prnews / 12:34 pm Oct 11, 1983*/ IRS RULING IN DIVESTITURE, AT&T press release, 10/7. The IRS last week ruled that no tax will be imposed on the transfers of assets and stock among Bell companies in preparation for divestiture. Also, approximately 99% of the distribution of Regional Holding Compnay shares in connection with divestiture will be tax-free to AT&T shareowners. The only exception is a small portion of Pacific Telesis Group stock, which will be subject to federal income tax as dividend income. Complete information on the IRS ruling will be included in information to be mailed to AT&T shareowners later this year. /* ---------- */