Plum Creek Merger with Weyerhauser
Go to Accounting > Securities > Merger or Transactions > Merger, depending on if you are using myiclub.com, or desktop Club Accounting 3.
- Date: 2/19/16 (or as specified on your broker’s information)
- Merging/Old Security: Plum Creek (PCL)
- Old security Price Per share: 36.54 (or as dictated by broker statement)
- New company: Weyerhauser (WY)
- Shares of Weyerhauser: (# of PCL shares) multiplied by 1.6 – A club with 100 shares of Plum Creek, would receive 160 shares of Weyerhauser.
- *Don’t forget to include fractional shares in this number*
- Price for Weyerhauser: 22.87 (or as dictated by broker statement)
- Cash for Fractional Shares: Enter any cash for fractional shares.