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StockCentral :: Community
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Join in on the discussion with other like-minded investors in our community forums. Learn about the fundamental investing methodology and participate in educational workshops in the Investing forums, stay up-to-date on StockCentral news and make suggestions to the StockCentral team in Central Square, and discuss your favorite stock or recent market news in our A-Z ticker-based forums.
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Antonio Jones
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| 11/13/2007 10:01 PM |
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As you know CDW on October 12, 2007 CDW announced the completion of its acquisition by an entity controlled by investment funds affiliated with Madison Dearborn Partners, LLC ("MDP") and Providence Equity Partners Inc. ("Providence Equity").
As a result of completion of the merger, CDW is privately owned and CDW’s stock is no longer traded on the NASDAQ National Market.
As a result , terms of the merger agreement entered into on May 29, 2007, CDW’s shareholders are entitled to receive $87.75 per share in cash. CDW’s shareholders approved the merger at a special meeting on August 9, 2007.
How should this be entered into Club accounting online. This is a merger with a privately owned company. Club accounting does not give an option for this type of transaction. Is this a taxable tranaction?
What shall we do? |
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Gene Rooks
Gotha, FL (W. of Orlando)
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| 11/14/2007 9:31 AM |
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Antonio, you will enter it as a regular sale, and capital gains will be taxed as any other sale.
Gene Rooks, Space Coast Chapter |
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Gene Rooks, Director
Space Coast Chapter
Accounting Instructor |
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StockCentral Host
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| 11/14/2007 9:31 AM |
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IRA SMILOVITZ
Leonia, NJ
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| 11/13/2007 11:46 PM |
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In a message dated 11/13/2007 10:00:22 P.M. Eastern Standard Time, clubhouse@stockcentral.com writes:
As a result , terms of the merger agreement entered into on May 29, 2007, CDW’s shareholders are entitled to receive $87.75 per share in cash. CDW’s shareholders approved the merger at a special meeting on August 9, 2007.
How should this be entered into Club accounting online. This is a merger with a privately owned company. Club accounting does not give an option for this type of transaction. Is this a taxable tranaction?
The transaction is fully taxable and is entered as a sale for $87.75/share. If your broker charged a reorganization fee, enter that as a commission on the sale.
Ira Smilovitz
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