Quicken for Mac investment merger of companies for cash and stock

lfields333

Kimberly Clark is buying Kenvue for cash of $3.50 per share and exchanging 1 share of Kenvue for 0.14625 shares of Kimberly. How do I book that transaction on Quicken for MAC Deluxe?

Quicken Carlos

Hi @lfields333,

Thank you for reaching out to the Quicken Community! The Kimberly-Clark (KMB) acquisition of Kenvue (KVUE) involves both a cash payment and a stock exchange. Under the merger terms, each Kenvue share is exchanged for:

• $3.50 in cash.
• 0.14625 shares of Kimberly-Clark (KMB).

In Quicken Classic for Mac, you can use a manual workaround to record the change in your investment holdings. Before making any changes, I recommend creating a backup of your data file. Once the backup file is created, I recommend trying the following

1. Open the investment account where you currently hold Kenvue shares.
2. Review your existing Kenvue holdings, including the acquisition dates and cost basis of each lot.
3. Use a Remove Shares transaction to remove the Kenvue shares on the merger date.
4. Use Add Shares to record the Kimberly-Clark shares received. Make sure to account for the appropriate cost basis and original acquisition dates.
5. Record the cash consideration received, including any additional cash paid for fractional shares, according to your brokerage statement.

One important consideration is that the original cost basis should not simply be copied to the new shares without accounting for the cash portion of the merger. The cost basis allocation and resulting gain or loss should be verified using the information provided by your brokerage.

You can find additional information about these transactions in our documentation:

• Adding shares in Quicken for Mac
• Removing shares in Quicken for Mac

I hope this helps!