We're Here for You American Electric Power is committed to the health and safety of our customers, communities and employees as we closely monitor the COVID-19 pandemic. Learn more×
Central and South West Corporation (CSW) Stock History
On December 22, 1997, Central and South West Corporation announced a definitive merger agreement for a tax-free, stock-for-stock transaction with American Electric Power Company, Inc.
On June 15, 2000 the merger between AEP & CSW took effect. For every 1 share of CSW stock, the CSW shareholder received .6 shares of AEP; for example, 100 shares of CSW stock would equate to 60 shares of AEP stock. On the day of the merger, AEP closed at $35 per share and CSW closed at $20.9375.
A note for AEP shareowners who formerly owned Central and South West Corporation common stock: If you have questions about your account, please call the company's transfer agent, Computershare, at 1-800-328-6955.
Stock Price Lookup
CSW Historical Dividends Per Share
Note: In 1947, Middle South Utilities was split into various companies, therefore, for comparative purposes, dividend per share data goes back only to 1947 on this schedule.
Tax Consequences of Merger
In Accordance with the merger agreement , the following are the tax consequences of the merger to CSW shareholders:
- the aggregate basis of the AEP Shares received by a CSW stockholder in the Merger (including any fractional share deemed received) will be the same as the aggregate basis of the CSW Shares surrendered in exchange therefore;
- the holding period of the AEP Shares received by a CSW stockholder in the Merger (including any fractional share deemed received) will include the holding period of the CSW Shares surrendered in exchange therefore,
- a stockholder of CSW who receives cash in lieu of a fractional share will recognize gain or loss equal to the difference, if any, between such stockholder's basis in the fractional share (as described in paragraph (c) above) and the amount of cash received. Such gain or loss will be eligible for long-term capital gain or loss treatment if the CSW shares would have been eligible for the capital gain or loss treatment under current IRS regulations.
Tax matters can be complicated and the tax consequences of the merger to you will depend on the facts of your own situation. You should consult your own tax advisors to fully understand the tax consequences of the merger to you.