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I was wondering what is the reasonable time frame when ordinary investors receive the money from a sale of a company that is acquired to become private. I see Twitter was acquired on Thursday (Oct 27, 2022), but no funds have been received.

I see a news item that says

Shareholders will receive $54.20 per share of stock when all the paperwork is filed

But it is not clear how many days to be exact ? Suppose an investor needs money for another trade or needs to withdraw funds, how can one plan for that?

Flux
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puzzled
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2 Answers2

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I believe this works exactly the same as selling your stock in a normal market transaction.

The sale of Twitter was closed on October 27th (Thursday), so you've sold your stock on that day. The funds will follow T+2 settlement and arrive 2 business days later, in this case Monday, October 31st.

user71659
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This was my first encounter with a company whose stock I was holding. For Twitter, I received Fund on Oct 31/2022. It was not visible on 10/31/2022, but was visible on November 01's morning.

puzzled
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