Company Buyout

From: "Shirley A. Humphrey" <sahumphrey@ucdavis.edu>
Subject: Company Buyout
Date: Mon, 12 Apr 1999 08:48:11 -0700 (PDT)

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I own 530 shares in a company (Pioneer Hybrid) that is being bought by
another company (Dupont). Shareholders are being given the option of taking
cash and stock (55 percent stock, 45 percent cash). Since I purchased the
stock about 10 years ago for less than $1,000, I am interested in all stock.
I spoke to the investor relations spokeperson by phone. He said I could
request all stock. If I am successful in getting all stock, I am assuming
that I will defer tax until I sell the Dupont. Does anyone know if this is
correct?

Shirley Humphrey
sahumphrey@ucdavis.edu


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