Company Takeover - Shares Issued on Ratio Basis
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David_7382775
Member Posts: 5 ✭
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.
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Comments
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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.
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Thank you for your response Mark.
I finished up doing some thing very similar to your advice.
Appreciate the input.
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