How do I enter the Analog Devices (ADI) merger with Maxim (MXIM).
Cause: Analog Devices completed its merger with Maxim on 8/26/2021 for 0.63 shares of Analog Devices stock for each MXIM share.
The SEC filing for this merger can be found through the SEC EDGAR web site at:
The companies plan to structure the merger so it is a non-taxable event. We will assume they are successful and will treat this merger as a simple merger. The information below is based on the
information available from a form S-4 filed with the SEC. Price information is from websites offering historical prices.
NOTE: The companies state they will endeavor to satisfy the conditions necessary to make this transaction non-taxable. However, there is the possibility the IRS will disagree with their characterization. These instructions assume the companies succeed in their efforts.
New instructions will be written, if and when it becomes known the merger should be treated as a taxable event.
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:
Here is the information needed for Maxim shareholders to complete the merger.
Save the transaction and the merger has been entered.