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KLA Tencor merger with Orbotech
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KLA Tencor (KLAC) completed its merger with Orbotech, Ltd (ORBK) on February 20, 2019. This was a taxable transaction. For taxes this is treated as a sale of Orbotech for 65.925 per ORBK share. This is 38.86 in cash and .25 KLAC shares worth 27.065. KLAC closed at 108.26 on 2/19/19. This is the price used by KLAC in their cost basis guidance to shareholders.
If you use Myiclub.com use the Merger with cash transaction and choose the option Transaction is fully taxable in step 2.
Club Accounting 3 users enter this as a sale of ORBK followed by a buy transaction for KLAC. Buy .25 x (# of ORBK shares owned) for a total cost of 27.065 x (# of ORBK shares owned). Round to the nearest penny.
Russell Malley
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KLA Tencor merger with Orbotech
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