Company Takeover - Shares Issued on Ratio Basis

DavidDavid Member Posts: 11

I hold 9292 Shares in Comp ABC

A hostile takeover has been made by Comp XYZ - this has been successful.

Under the terms of the takeover, Comp XYZ will issue 1 share for every 3 shares held in Comp ABC

This means that i will be issued with 3097 shares in Comp XYZ

How do I carry out this transaction in Reckon Personal Plus ? I cannot find a transaction to cover it.

Any advice would be appreciated.

Comments

  • Mark_K_BMark_K_B Member Posts: 1

    Use the Enter Transaction - Stock Split. New Shares will be 1 with the Old Shares being 3, it will then consolidate the shares dividing by 3 the current number of shares.

  • DavidDavid Member Posts: 11

    Thank you for your response Mark.

    I finished up doing some thing very similar to your advice.

    Appreciate the input.

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