Sekisui House, Ltd. merger with MDC Holdings (MDC) - April 2024
Sekisui House, Ltd. completed its merger with MDC Holdings on 4/19/2024 in a cash acquisition. Sekisui House, Ltd. is the surviving company.
Shareholders of MDC Holdings received $63.00 cash per MDC share.
For MDC shareholders this is treated as a simple sell transaction.
The Sale Entry Go to Accounting > Securities > Sell
Here is the information needed for MDC Holdings shareholders to complete the merger as a sale.
Date: 4/19/2024
Select Security: MDC Holdings
(MDC) Shares Sold : Sell all shares owned. Use the Sell All link to include all MDC shares owned. This link is especially helpful if fractional shares were owned.
Sale Total : $63.00 x (# MDC shares owned)
For example, if you owned 100 MDC shares, you enter 63.00 x 100 = 6300.00 If your broker charged a reorganization fee, decrease the Sale Total by the amount of the fee or enter the fee amount in the Commission and Fees field.
Save the transaction and the sale/merger is entered.