Enbridge completed its merger with Spectra Physics on 11/21/16 for Enbridge stock.
The SEC filing for this merger was found through the SEC EDGAR web site. We used the information in the F-4A filing of 2016-11-14.
This is a standard merger. The information below is based on the information available from the F-4A filed with the SEC. Price information is from websites offering historical prices.
The Merger Entry
Go to Transactions > Merger or Accounting > Securities > Record merger of securities depending on the version of the software being used. If you are unfamiliar with merger transactions you can get help at this URL: https://www.iclub.com/support/kb/default.asp?page=normal_merger
Here is the information you need to complete the merger.
Old Security or Merging Company: Spectra Physics (SE)
Price per share of old Security / SE: 40.68
Cash received: See your broker statement for cash-in-lieu
New Security: Enbridge (ENB)
Shares received : .984 x (# of SE shares owned)
(Remember to include fractional shares.)
For example, if you owned 100 SE shares, you should receive .984 x 100 = 98.4 ENB shares.
Price per Shares of new Security: 41.72 (Average of open and close of ENB on 2/27/17)
Save the transaction and the merger has been entered.
The companies expect this to be a non-taxable reorganization. However, the companies in the F-4/A filing, state the IRS may challenge this status. If the IRS successfully challenges the tax status of this merger it may be necessary to change the entry of this merger.