Event Details
June 25, 2014
Description
Valhi stock closed at $5.81; Foundation sold last of its shares; Foundation received gift of 900,000 shares.
Participants (2)
| Name | Type | Mentions | |
|---|---|---|---|
| Harold Simmons Foundation | person | 0 | View Entity |
| ING | organization | 291 | View Entity |
Source Documents (1)
HOUSE_OVERSIGHT_029346.jpg
This document is a financial analysis, likely from a blog or news article, detailing stock trading activities of the Harold Simmons Foundation regarding Valhi stock in June 2014. The author suggests that the Foundation aggressively sold stock to lower the share price (from $6.42 to $5.81), potentially saving Simmons's heirs approximately $80 million in estate taxes. The document is part of the House Oversight Committee's files (Bates stamped HOUSE_OVERSIGHT_029346), likely gathered as evidence of tax avoidance strategies.
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