Yes. Here's the tax treatment of the merger per the ADI S-4:
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U.S. Holders
The
receipt of cash and shares of Analog Devices common stock in exchange
for shares of Linear Technology common stock pursuant to the merger
will be a taxable transaction for U.S. federal income tax purposes. A
U.S. holder generally will recognize gain or loss for U.S. federal
income tax purposes in an amount equal to the difference, if any,
between (i) the sum of the cash and the
fair market value (as of the effective time) of the Analog Devices
common stock received pursuant to the merger and (ii) such U.S. holder’s
adjusted tax basis in the Linear Technology common stock surrendered in
exchange therefor. Such
gain or loss generally will be capital gain or loss, and will be
long-term capital gain or loss if the U.S. holder’s holding period for
such shares exceeds one year as of the date of the merger. Long-term
capital gains for certain noncorporate
U.S. holders, including individuals, are generally eligible for a
preferential rate of federal income taxation. The deductibility of
capital losses is subject to limitations. If a U.S. holder acquired
different blocks of Linear Technology common
stock at different times or at different prices, such U.S. holder must
determine its tax basis, holding period, and gain or loss separately
with respect to each block of Linear Technology common stock.
A
U.S. holder’s tax basis in the Analog Devices common stock received in
the merger will equal its fair market value as of the effective
time. A U.S. holder’s holding period for the Analog Devices common stock
received in the merger will begin on the day following the effective
time.
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In one way you're quite lucky here because the income tax accounting for this "cash plus stock" deal is easy to understand and enter in TurboTax. Sometimes these cash + stock deals are a lot less straightforward and required a good deal of effort to figure out just exactly what your gain or loss actually is and then how to report it.
Tom Young
