Salesforce (CRM:NYSE) and Slack(WORK:NYSE) announced on Dec 1 2020 that Salesforce will acquire Slack.
Slack (WORK.NYSE), they will recieve 0.0776 shares of Salesforce common stock.
Follow the steps below for how to handle this in Sharesight:
1 – Click on Slack, WORK on the Portfolio Overview Page
2 – Click ‘Enter a new Trade or Adjustment’.
3 – On the pop-up window, select ‘Return of Capital’ from the transaction type dropdown.
Based on the [Investor Relations announcement], set the:
Paid On Date’ : July 21 2021
Date of trade’: July 21 2021
Capital Returns Value’: $26.79 x 0.0776 of Slack shares for Salesforce shares held on the Record Date
7 – ‘Comment’: Salesforce acquisition of Slack. Record date is 21 July 2021.
8 – Choose a file: to help keep your records in order, you can attach the [Investor Relations Announcement Letter]
9 – Click ‘Save this trade’ button.
10 – On the Slack Individual Holding Page, click on ‘Holding Settings’ tab.
11 – Click on ‘Merge this holding’ button.
12 – On the Merge Holding pop-up window, set the ‘Date of Merge’ as 20 February 2019.
13 – Type Salesforce or CRM in the search field and select CRM:NYSE Salesforce from the dropdown list.
14 – Type in the ‘Quantity’ field: 0.0776 x Slack shares held on the Record Date (Slack shareholders receive 0.0776 Salesforce share for every Slack share)
15 – In the ‘Comments’ field, type a note for your reference of why this acquisition happened.
16 – Click ‘Save changes’.