Corporate Acquisition of a Canadian Company by a US Company

Ray Wilcock

Goldcorp was acquired by Newmont. When I try to use the transaction, it will not allow as one is Canadian and one is US. Any suggestions?

Ray Wilcock

That was the extension that came up when I set Newmont Goldcorp up. Should have been DY. Nevertheless, because I own Newmont under the symbol nem, I will try using that one. Thanks for commenting.

NotACPA

How  did you try to input the US stock into Q Canada?

And HOW did you try to input such transaction?

Ray Wilcock

I used "Corporate Acquisition (stock for stock). Entered the "Company acquired" as Goldcorp which I own. Entered the "Acquiring company" as Newmont Goldcorp Corporation (NEM.DP) which I had to set up. When I got to the end, it would not allow me to exchange Canadian shares into U.S. shares. It stated "Please select a security whose currency matches the currency of your account." Thus, I assume I will have to use two transactions and nullify any capital gain or loss that may result. I guess Quicken cannot handle these types of transactions.

NotACPA

What does that .DP  as part of the NEM symbol indicate?

Ray Wilcock

That was the extension that came up when I set Newmont Goldcorp up. Should have been DY. Nevertheless, because I own Newmont under the symbol nem, I will try using that one. Thanks for commenting.