How do I handle a company who changed their name and stock ticker
I have had a first for me since using MD. I own stock that was named one thing with an associated stock ticker when I bought it. Now the company has rebranded and, in doing so, has changed their name and stock ticker. It is the same company; no merger with or purchase of another company. So how do I account for this in MD? Do I carry it as two separate companies? That doesn't seem right. Can I somehow make the name change and stock ticker change so that in MD it is still just one company? Any ideas appreciated.
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1 Posted by derekkent23 on Nov 03, 2020 @ 10:43 PM
I am not support staff, just a user.
Hi cscj01
It sounds like you would be happy to simple change the name of the security and its ticker symbol?
If this is the case click TOOLS – SECURITIES and double click on the old security then EDIT. Now edit the Security Name: and Ticker Symbol: as required. Note then you click OK all reference to the old Security Name and Ticker Symbol will be lost.
All data including historical data will reference the new name and Ticker symbol.
Hope this helps
2 Posted by Stuart Beesley ... on Nov 03, 2020 @ 10:47 PM
From what you said it’s essentially the same company with the same stock and share price. I would just edit the name/ticker. Menu tools/security/select/edit.
Regards Stuart
(A fellow user)
3 Posted by dwg on Nov 03, 2020 @ 11:21 PM
I'm a fellow user.
With a company that just changes its name and ticker I would do what Derek suggests. It is the same company nothing else has changed.
If you wanted to put a notation in the register you could use a nil value transaction and use the description/memo fields
4 Posted by cscj01 on Nov 04, 2020 @ 05:23 AM
Thanks for the suggestion. I didn't think it would be so easy. One can make things too complicated by overthinking a situation.
Maddy closed this discussion on Nov 04, 2020 @ 10:48 AM.