Recent scheme of arrangement for takeover of OverTheWire by Aussie Broadband (OTW & ABB).
The letter i received said that:
- Scheme consideration elected in cash = 94.17%
- Scheme Consideration per Share = $5.75
I received the other 5.83% in ABB shares. How do I know what the “purchase price” of the ABB shares was?
Hi @JJB welcome to the community!
There are a couple of steps to handle this:
First, for the cash, you’ll need to manually enter a trade on the holding. The trade type will be a ‘return of capital’ trade for the cash received.
You will then use our merge feature (below) to convert OTW to ABB:
This guidance is on the assumption that you take up the scrip rollover, which is currently still awaiting the class ruling.
Let me know how you go with this one
The scrip has already been issued for ABB so I’ll follow the steps noted