mergers


M

Marleen

I'm using Money 2004 Standard OEM version, and I need to
record a merger. Money's help file tells me to display my
portfolio and then, from the left-side menu, click "Record
a Special Activity" and then choose "Record a Merger".
However, my "Record a Special Activity" menu doesn't
include anything about mergers. How can I record a merger
with this program?
 
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C

Cal Learner-- MVP

I'm using Money 2004 Standard OEM version, and I need to
record a merger. Money's help file tells me to display my
portfolio and then, from the left-side menu, click "Record
a Special Activity" and then choose "Record a Merger".
However, my "Record a Special Activity" menu doesn't
include anything about mergers. How can I record a merger
with this program?
Here is how you will need to do it if you did not hold both stocks
involved in the merger.

Go to the Details for the old stock. Change the symbol, rename the
stock, add an appropriate comment, and do an appropriate split to
achieve the ratio you want. Post the ratio you are trying to
achieve if you want a suitable ratio of integers to enter for the
split.
 
M

Marleen

I tried to do it manually like that but no luck for at
least two reasons:
1. I already own two separate stocks that are both
involved in the merger. It wouldn't let me rename two
different stocks to the same new name.
2. The new "merged" stock is 1 share for each .4334 share
of the old stock. Money wouldn't let me enter a split for
any ratio not in whole integers.

Is there another way to do this in the Standard version?
Will upgrading to the Deluxe version help me?
 
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C

Cal Learner-- MVP

I tried to do it manually like that but no luck for at
least two reasons:
1. I already own two separate stocks that are both
involved in the merger. It wouldn't let me rename two
different stocks to the same new name.
That complicates things.

You could change the existing Buys and Sells of the taken-over stock
to an adjusted number of shares, and change the Security to the
survivor.

2. The new "merged" stock is 1 share for each .4334 share
of the old stock. Money wouldn't let me enter a split for
any ratio not in whole integers.
You could enter a split of 10000 shares for 4334 shares or 5000 for
2167 shares.
Is there another way to do this in the Standard version?
Will upgrading to the Deluxe version help me?
Yes. That would simplify it.
 

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