When Companies merge

Discussion in 'Order Execution' started by tomatotrader, Oct 11, 2016.

  1. Its been almost 6 months i have bought shares of Anthem United and 2 weeks ago 3 companies they merged into one.
    The 3 are : Lowell Copper, Gold Mountain Mining and Anthem United and create JDL Gold Corp
    In my IB account i still can see the Anthem shares even if the company is not for trade.
    My questions is how do i receive the JDL shares?They sent them through the broker to my account?What is the usual procedure in this case ?
     
  2. Robert Morse

    Robert Morse Sponsor

    Corporate actions are handled by your broker. Check the settlement date of the action. On that date, you should see the new shares. Ask IB for that date.
     
    tomatotrader and kmiklas like this.