[GNC] Merger
Les
lelliott5 at gmail.com
Tue Jul 30 15:03:35 EDT 2019
Hi John, thanks for the reply. I guess I omitted the fact that the
existing stock had a different name (symbol) that the new stock. So is
this more of a transfer?
Thanks,
On 7/30/19 1:41 PM, John Ralls wrote:
>
>> On Jul 30, 2019, at 11:05 AM, Les <lelliott5 at gmail.com> wrote:
>>
>> Hi all:
>>
>> I had a merger transaction on one of my Canadian stocks where my existing holding was acquired on a 33 for 20 basis (new for old). From 500 of the existing shares for 825 shares of the new. I also had a net gain in cash of C$16.75.
>>
>> I am uncertain on how to handle this transaction in GC.
>>
>> I would greatly appreciate any suggestions.
> Actions>Stock Split.... Add 325 shares and book a "cash in lieu" for the C$16.75.
>
> Regards,
> John Ralls
>
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