CSRA/GD merger

Discussion in 'Stocks' started by R1234, Apr 9, 2018.

  1. R1234

    R1234

    Any experts help me out here?

    I am holding CSRA stock. CSRA was bought out by General Dynamics recently in an all cash transaction.

    In my brokerage account it still shows I am holding CSRA but trading in CSRA has been halted for about a week now. So the money is completely locked up/illiquid.

    Any ideas how long it takes for this thing to be converted into cash in these situations?
    I asked the brokerage firm and they said they are not sure. I also contacted investor relations at GD and have not heard back yet.

    Any info/past experiences would be much appreciated. Thank you.
     
  2. Robert Morse

    Robert Morse Sponsor

    Call your broker. Ask for their corporate action people and ask for the pay date.
     
  3. R1234

    R1234

    my broker's corp action guys were not able to help.
    Just got off the phone with GD's transfer agent though.
    They said May 4th!