Not sure what to do here with accounting for my HDF take over by APA
I'm sitting on 118% gain with HDF and I'll be getting about half of my cost in cash and the remainder in APA shares.
From an accounting perspective, should I:
- liquidate my HDF with with the cash return value which will show a major loss and enter the APA shares at no cost which will show a zero value cost
- figure out the cost price of the APA shares on the issue date, liquidate the HDF shares at the full return value (cash and script value), show a major capital gain and repurchase the APA shares at the offer value?