Hi, I’m looking for suggestions on how to treat the ZNGA:TTWO merger. It seems that TTWO offered $3.50 cash and 0.0406 shares of Take-Two Interactive Software, Inc. per ZYNGA share held. The actual shares were rounded down to a whole number and the rounded amount paid as cash.
So I received 3 parts: approx 10 TTWO shares, approx 1,000AUD from the cash component and approx 30AUD from rounding down of a partial share to the exact number of TTWO received. Sharesight doesn’t seem to handle this in 1 transaction. I think I need to do a dividend of approx 1030AUD on the ZNGA shares (as the US see this as a dividend if they aren’t going to withhold tax) and then do a merger to convert ZNGA shares into 10 TTWO shares. Does this seem right?
Hi There - Did you get any response. I’m in a similar situation. I have 604 Zynga shares & unsure of how to finalise the transaction
Not a nibble unfortunately. I’ll tell you if someone contacts me