Re: Recording a company takeover
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Posted by Mark on April 09, 2001 at 19:43:41:
In Reply to: Re: Recording a company takeover posted by Homer Faidas on April 09, 2001 at 14:52:56:
: : : 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 Hi Homer,
There is no real good way to do this. You may be better off just keeping
2 PPX investments, with a different purchase history. Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00
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