In May of 1999, WorldCom announced their plans to take-over SKYTEL.
Buy | 10 Shares @ 72 1/2 | WCOM | MCI WORLD COM | $725.00 | ||||
Commission | $14.95 | |||||||
---|---|---|---|---|---|---|---|---|
TOTAL | $739.95 |
June 1, 1999
Buy | 50 Shares @ 20 1/16 | SKYT | SKYTEL | $1,003.13 | ||||
Commission | $7.48 | |||||||
---|---|---|---|---|---|---|---|---|
TOTAL | $1,010.61 |
SOLD 10 WCOM @ 95 1/2
(less commission)
Net proceeds from the sale. | $955.00 | |||||||
Less acquisition costs = net profit before taxes (Capital Gains) | $200.10 |
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