Level 3 merger to Centurylink
How do I record the Level 3 merger in Quicken 2016 Home & Business. This occurred on 11/1/2017.
- I owned 100 shares of Level 3. Cost Basis $4,644.25
They exchanged each share of Level 3 for 1.4286 shares of CENTURYLINK INC. (Giving me 142 shares)
They also did a payout of $26.50 per share. ($2,650)
In addition A cash payout of $14.31 in Leu of fractional shares. (They said the cost basis on the fractional shares was $25.08 for a $10.77 loss)
My brokerage shows the cost basis on the 142 shares as $4,141.44.
Your help in posting this would be appreciated.