# Altium (ALU) - Takeover

**URL:** <https://community.sharesight.com/t/altium-alu-takeover/1615>\
**Category:** Corporate action\
**Created:** [1 August 2024 22:39 UTC](https://community.sharesight.com/t/altium-alu-takeover/1615 "2024-08-01T22:39:13Z")\
**Posts on this page:** 6\
**Page:** 1

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**Author:** ![JJB](https://avatars.discourse-cdn.com/v4/letter/j/b19c9b/32.png) [@JJB](https://community.sharesight.com/u/JJB)\
**Post date:** [1 August 2024 22:39 UTC](https://community.sharesight.com/t/altium-alu-takeover/1615/1 "2024-08-01T22:39:14Z")

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Hi Team,  
For the recent Altium takeover, do I simply place this as a “sell” trade in Sharesight with no brokerage cost? When i open up the email pertaining to the sale it notes a “capital payment” and a lump sum figure and doesn’t have any information on the amount of shares or the price.

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**Author:** ![mark\_from\_briz](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/mark_from_briz/32/202_2.png) [@mark\_from\_briz](https://community.sharesight.com/u/mark_from_briz)\
**Post date:** [5 August 2024 23:15 UTC](https://community.sharesight.com/t/altium-alu-takeover/1615/2 "2024-08-05T23:15:25Z")

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I recorded mine as a “cancelation” which according to the notes is classed as a sale. Not sure if thats 100% correct but seems logical

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**Author:** ![Piumi\_Sharesight](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/piumi_sharesight/32/854_2.png) [@Piumi\_Sharesight](https://community.sharesight.com/u/Piumi_Sharesight)\
**Post date:** [7 August 2024 04:15 UTC](https://community.sharesight.com/t/altium-alu-takeover/1615/3 "2024-08-07T04:15:20Z")

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Hi @JJB, @mark_from_briz is correct on this one. You have to add a cancellation trade at the returned capital rate per share to close the position.

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**Author:** ![Brian](https://avatars.discourse-cdn.com/v4/letter/b/97f17d/32.png) [@Brian](https://community.sharesight.com/u/Brian)\
**Post date:** [13 October 2024 05:38 UTC](https://community.sharesight.com/t/altium-alu-takeover/1615/4 "2024-10-13T05:38:28Z")

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I have just tried to record in Sharesight the cancellation of the Altium shares. I could not save the transaction despite checking and re-checking the inputted details. Any clues as to why not?

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**Author:** ![mark\_from\_briz](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/mark_from_briz/32/202_2.png) [@mark\_from\_briz](https://community.sharesight.com/u/mark_from_briz)\
**Post date:** [13 October 2024 09:47 UTC](https://community.sharesight.com/t/altium-alu-takeover/1615/5 "2024-10-13T09:47:49Z")

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sorry no idea, id check that your dates are correct ?, and log a query with sharesight directly

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**Author:** ![Piumi\_Sharesight](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/piumi_sharesight/32/854_2.png) [@Piumi\_Sharesight](https://community.sharesight.com/u/Piumi_Sharesight)\
**Post date:** [13 October 2024 22:49 UTC](https://community.sharesight.com/t/altium-alu-takeover/1615/6 "2024-10-13T22:49:56Z")

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Hi @Brian have you been able to record the cancellation trade? Please get in touch with our support if you still need any help.