Use the Add Merger tool when a company merges, is acquired or separates into new entities.
Before You Start
Check the company’s official scheme documents, registry statement or market announcement before entering the event.
Depending on the event, you may need:
The implementation date.
The stock symbol of the new holding.
The number of new shares received.
The scrip-per-share ratio.
The cash amount received.
The market price of the original holding.
The cost base apportionment for a demerger.
The cost base is the amount allocated to an investment for Capital Gains Tax (CGT) calculations.
Open The Merger Tool
To open the Add Merger tool:
Select Portfolio from the left-hand menu.
Open the holding affected by the event.
Select Actions in the top-right corner.
Select Add Merger.
Choose the event that applies:
Merger — two companies combine into one.
Acquisition — another company acquires or buys out the original company.
Demerger — a company separates and issues shares in a new entity.
Record A Merger
Use Merger when the original company becomes part of a newly combined company.
EXAMPLE: The merger between Southern Cross Media Group (ASX: SXL) and Seven West Media (ASX: SWM) was implemented on 7 January 2026, resulting in SWM shares being delisted. Under the all-stock deal, SWM shareholders received 0.1552 new SXL shares for each share held, valuing the transaction between A$385 million and A$417 million. For more details, visit Seven West Media.
To record a merger:
Select Merger.
Enter the stock symbol of the company the original holding became.
Select Next.
Enter the Implementation Date.
Select the type of offer you accepted.
Enter either the exact number of new shares received or the scrip received for each original share.
Enter the market price of the original holding.
Check the details and select Confirm.
For example, a scrip-per-share ratio of 0.1522 means you received 0.1522 new shares for every original share held.
After Confirming A Merger
After you select Confirm, Navexa shows the transactions created for the merger.
Navexa records two corporate action adjustments:
Merge Cancel — removes the original shares from the old holding on the implementation date.
Merge Buy — adds the calculated number of replacement shares to the new holding on the same date.
The confirmation screen shows:
The original and replacement stock symbols.
The number of shares cancelled and added.
The price recorded for each adjustment.
The implementation date.
For example, if 10,000 SWM shares become 1,522 SXL shares, Navexa records:
A Merge Cancel for the 10,000 SWM shares.
A Merge Buy for the 1,522 SXL shares.
These labels show how Navexa records the merger in your transaction history. They do not mean you manually placed a sell order and a buy order through your broker.
Check the symbols, quantities, prices and date before selecting Done.
There is no undo option after the merger is confirmed. If the event was entered incorrectly, you’ll need to re-enter the affected holdings by importing their transaction history or adding the holdings and transactions manually.
Record An Acquisition
Use Acquisition when another company acquires or buys out the original company.
To record an acquisition:
Select Acquisition.
Choose how you were compensated:
Enter the stock symbol of the company whose shares you received, then select Next.
Select I was paid out for my shares if you received cash instead.
Enter the acquisition details shown in the Add Merger panel.
Check the details against the official scheme documents.
Select Confirm.
For an acquisition containing both cash and shares, use the treatment shown in the company’s official documentation.
Choose The Offer Type
Under What kind of offer did you accept?, select the option that matches the corporate action.
Scrip for Scrip — you exchanged your original shares for shares in the new or acquiring company.
Buyout — your original shares were bought out and you received cash instead of replacement shares.
Use the company’s official scheme documents or registry statement to confirm the correct offer type.
Enter The New Shares
For a Scrip for Scrip offer, enter either:
How many new shares did you receive? — enter the exact quantity credited to your account.
Scrip per original share — enter the number of new shares received for each original share you held.
You only need to complete one field.
When you enter a figure in either field, Navexa automatically calculates and fills the other field using the quantity of original shares in the holding.
For example, if you received 0.25 new shares for every original share held, enter 0.25 in the Scrip per original share field. Navexa will calculate the total number of new shares received.
Check the calculated quantity against your registry statement before continuing.
Record A Demerger
Use Demerger when a company separates and issues shares in a new entity.
To record a demerger:
Select Demerger.
Enter the stock symbol of the new entity.
Select Next.
Enter the Implementation Date.
Enter either:
The exact number of new shares received, or
The scrip received for each original share.
Enter the market price of the original holding.
Enter the cost base apportionment between the original and new holdings.
Check the details and select Confirm.
The two cost base percentages must add up to 100%.
For example, the official documentation may allocate:
67.54% to the original holding.
32.46% to the new holding.
Use the percentages supplied in the official demerger documentation. Do not estimate the cost base split.
Check Before Confirming
Check every field carefully before selecting Confirm.
Incorrect dates, quantities, ratios, prices or cost base percentages can affect:
The units shown in each holding.
The cost base of the affected investments.
Portfolio performance.
Capital gain and loss calculations.
There is no undo option after you confirm a merger, acquisition or demerger.
If you confirm an event with incorrect information, you’ll need to enter the affected holdings again. You can do this by importing the relevant transaction history or adding the holdings and transactions manually.
Do not confirm the same event more than once, as this may create duplicate holdings or adjustments.
What Navexa Updates
After you select Confirm, Navexa applies the corporate action to your portfolio.
Depending on the event, Navexa will:
Adjust or close the original holding.
Add the new holding when applicable.
Allocate the relevant cost base.
Update the holding and portfolio performance history.
Remember, this is general information, not personal financial advice.