BDX-WAT spinoff

Dennis Goldstein
Dennis Goldstein Member ✭✭✭
edited February 26 in Investing (Windows)

Does anybody know how to record the Feb 9 "spinoff" by Becton Dickinson of Waters Corporation shares to BDX's existing shareholders in exchange for one of BDX's businesses? The corporate spinoff menu option doesn't seem to work in this situation where BDX is spinning off WAT shares .

Comments

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited February 26

    "The corporate spinoff menu option doesn't seem to work in this situation where BDX is spinning off WAT shares"

    I don't understand what the problem is as, looking at the deal I'd think it should work. The statements I found:

    BD spun off its Biosciences & Diagnostic Solutions business into a new entity, which then merged with a subsidiary of Waters.

    BD shareholders will receive approximately 0.135 shares of Waters common stock for each share of BD common stock that they held as of the close of business on February 5, 2026, the record date for the spin-off, with cash in lieu of any fractional shares of Waters common stock.

    U.S. holders of SpinCo Common Stock will not recognize gain or loss upon the receipt of Waters Common Stock pursuant to the Merger, except for any gain or loss recognized with respect to cash received in lieu of a fractional share of Waters Common Stock;

    all says to me that the spin-off "wizard" should work just fine.

    What, exactly is the problem?

  • 76869804qbabY$
    edited February 11

    Be sure to enter 0.135 WAT shares per BDX share and it should work using the Corporate Securities Spin-Off

  • reginaO
    reginaO Member ✭✭✭

    I have 100 BDX, spinoff 13.5 Wat. received 168.71 for Frx shares.

    what do I enter for basis

  • Tom Young
    Tom Young Quicken Windows Subscription SuperUser ✭✭✭✭✭

    @reginaO

    Costbasis.com suggests 0.20496 of the cost basis to Waters with the remaining 0.79504 staying with BDX.

  • reginaO
    reginaO Member ✭✭✭

    thank you