Pfizer Exchange for Zoetis
« on: July 14, 2013, 11:34:00 AM »
Recently Pfizer offered to exchange some of their shares (PFE) for shares of Zoetis (ZTS) which they had previously spun off.  Because the exchange offer was oversubscribed, each shareowner could only exchange a portion of their Pfizer shares for Zoetis shares.  Each share of Pfizer submitted was exchanged for 0.989800 shares of Zoetis.  The complete cost basis of those shares exchanged was allocated to Zoetis.  The exchange was not a taxable event.  Partial shares sold after the exchange obviously were taxable.

I'm unclear on how to enter this transaction in IAM.  Most of my Pfizer shares remain.  Only a portion were exchanged.  Any guidance is appreciated.


Re: Pfizer Exchange for Zoetis
« Reply #1 on: July 15, 2013, 10:18:06 AM »

Use the tender/exchange function under the transactions | add edit delete transactions | enter new.