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Old 02-23-2005, 06:48 PM
A J Gladson
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Default Re: Cannot do Share Exchange

It depends on which company you own.

If you own the company being purchased (example Texaco) and the
surviving company is ChevronTexaco (formerly Chevron) and you owned no
shares of Chevron you can do what Cal indicated - change the symbol on
the Texaco investment to CVX and rename Texaco, Inc. to ChevronTexaco
Corporation. This was not a 1 share for 1 shave merger so you would
need to adjust the shares. You would need to remove a number of shares
to account for your new number of shares in the new company. Your
total dollars invested remains unchanged - just the shares.

If you owned Chevron, Chevron Corp shares exchanged 1 share for 1
share, so all you would do is change the symbol from CVN to CVX and
rename the investment.

If you owned both, I would change the symbol from CVN to CVX and rename
the investment for the Chevron Corp shares. For the Texaco shares I
would remove all the Texaco shares and add back the proper number of
shares in the CVX stock. The shares added back has a investment basis
(cost) of what your paid/reinvested dividends for the Texaco stock.

Your combined investement in ChevronTexaco is former Chevron shares
plus former Texaco shares at the original amount invested in the
pre-merger companies.

 
Old 02-23-2005, 02:27 PM
Cal Learner-- MVP
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Default Re: Cannot do Share Exchange

In microsoft.public.money, Norman wrote:

- quote -

> How can one do a share exchange (merger) in Money 2004 Standard (Canadian)
> Edition?


Reorg Stock

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.

  #-1  
Old 02-23-2005, 01:09 PM
Norman
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Default Cannot do Share Exchange

How can one do a share exchange (merger) in Money 2004 Standard (Canadian)
Edition? This question arose on 19/02/2005 by Michael Brimicombe and was
solved by Cal Learner for Money 2005. However, Learner's solution, which
is actually given in my version's Help File, is not possible as the "record
a merger" feature does not exist. in Money 2004.

Any help would be appreciated.




 

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