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Re: Recording a company takeover

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Posted by Homer Faidas on April 09, 2001 at 14:52:56:

In Reply to: Re: Recording a company takeover posted by Mark on April 07, 2001 at 22:10:44:

: : Hi there,
: : Company PPX takes over company SCP offering 7 PPX shares for every 8 SCP shares held. On the take over date, SCP is at 3.15 and PPX is at 3.56.
: : How is this event recorded in Fund Manager?
: : Cheers
: : Roger

: Hi Roger,
: I'm assuming you own SCP? If so, just record this as a 7 for 8 split,
: and then change the investment name/symbol under "Investment Properties..."
: to the new name (PPX).

: Thanks,
: Mark

Mark

What if I own both PPX and SCP ?
How do I put old and new shares together?
(In my case it is MSFT and GPSI)
Thanks

Homer


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