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Corporate Acquisition of a Canadian Company by a US Company

Ray Wilcock
Member ✭✭
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?
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Best Answer
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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.0
Answers
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How did you try to input the US stock into Q Canada?And HOW did you try to input such transaction?Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
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.0
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What does that .DP as part of the NEM symbol indicate?
Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
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.0
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