Company Purchased and stock exchanged/converted?
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Posted by Jonathan on August 30, 2003 at 09:27:08:
In July the company Ostex (OSTX) was purchased by Inverness Medical Innovations (IMA). I held shares in OSTX which were converted to IMA shares and I have been unable to figure out how to record the transaction in the program. Is there a function for stock conversions? Can it be recorded as a straight buy and sell? I am unaware of the price (at the time of the exchange) of the IMA stock I received.
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