Re: GM-Delphi distribution

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In Reply to: GM-Delphi distribution posted by Richard W Fuge on May 29, 1999 at 15:41:28:

: What is the proper way to account for the GM distribution of Delphi Automotive? I received .69893 shares for every share of GM I held and these shares did not cost me anything. This isn't a split, nor is it normal distribution, but if I try to report it as a buy, the program says I must show a cost. Any help would be greatly appreciated. Thank You -- Dick

Hi Dick,
How about recording a distributed distribution
in GM for the cost basis of the new Delphi shares,
and then recording a purchase into a new Delphi
investment.

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

Replies:

• Re: GM-Delphi distribution Lawrence Brandon 14:39:32 5/30/99 (1)
  • Re: GM-Delphi distribution Mark 07:45:43 6/01/99 (0)