- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
We need some clarification on this and let me retrace your steps.
- You held 280 shares of Macy's Stock before the acquisition. Federated bought those 280 shares at $17.75 per share and issued you cash for the purchase.
- Now you received 87 shares of federated stock (.3115 X 280) in addition to the purchase by Federated. The basis for those 87 shares is $6003 ( 87 X $69)
- These became Macy's stock as of 2007 as a result of the name change.
- You mention you have had 174 shares since 2007, which is double of the stocks received at the time of the acquisition.
- My question is, where did the other 87 shares come from and when did you receive them?
There maybe be something that I am missing but hopefully, you can provide some clarification so we can answer your question. i will await for your reply back.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 4, 2024
9:15 AM