Company Takeover - Shares Issued on Ratio Basis
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.