[moneydance] Stock Mergers

[Anthony]

I had something similar happen to me several years ago when a portion  
of shares I held in a company were split off and reissued as a lower  
number in another company.

The only thing I could work out to do was to sell the shares I lost  
in company A at the prevailing rate, and then purchase the shares in  
company B at a rate that was calculated from the price received for  
the company A shares, divided by the number of company B shares.

I think you would need the last trading price of Bell South and sell  
all your shares at that price. Then you would divided that sum by the  
number of ATT shares you received. And if there was a cash surplus  
that was paid out because of an uneven conversion, you would need to  
provide for that too.

A


On 2007 Jan 13, at 02:55, Jerry duke wrote:

> Does anyone have a clue as to how to handle the merger of 2 different
> company's stock?
> For instance the recent take over of Bell South by ATT. One share of
> Bell South becomes 1.325 shares of ATT.
> It doesn't seem that any of the options in the stock register works.
> The only options I think should work, but don't are--Sell, sell xfr.
> buy, buy xfr, xfr.
>
> Any clarification of this issue will be appreciated.
>
> Jerry
>
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