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Parkland Corporation (PKI $39.84)
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Sunoco LP representing limited partner interests (SUN $54.51)
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SunocoCorp LLC representing limited liability company interests (SUNC $52.66)
Q: Wow - did I ever screw up! I bought PKI shares on October 30 not realizing there was a deal already in the works with Sunoco. It appears to me that I lost half my investment in a week. Can I use this as a tax loss?
5i Research Answer:
The loss should not be that much. The takeover was for cash and shares and both should show in an account. The shares are SUNC, not SUN