beerbaron Posted July 8, 2012 Share Posted July 8, 2012 Anybody has an answer to this question: Let's say a tender offer expires on July 10th and I buy shares on July 9th can I tender my shares or will I run into settle date issues? Regards BeerBaron Link to comment Share on other sites More sharing options...
ragnarisapirate Posted July 8, 2012 Share Posted July 8, 2012 speaking of settle dates, don't those seem a bit antiquated now? It seems as if this sort of thing could be instantaneous if the powers at be really wanted to... Link to comment Share on other sites More sharing options...
beerbaron Posted July 8, 2012 Author Share Posted July 8, 2012 I don't know, SEC seem to say it takes 3 days to settle... BeerBaron Link to comment Share on other sites More sharing options...
oddballstocks Posted July 8, 2012 Share Posted July 8, 2012 My experience with this is brokers won't tender the same day you purchase, but will tender the next day. So if you buy on the 9th and tender on the 10th you should be ok. Link to comment Share on other sites More sharing options...
Liberty Posted July 8, 2012 Share Posted July 8, 2012 I don't know the answer, but calling your broker is probably the best way to be sure since different brokers might have different rules (unless the SEC is very clear about this and things are applied uniformly). Link to comment Share on other sites More sharing options...
Hielko Posted July 8, 2012 Share Posted July 8, 2012 It also depends on the detail of the tender offer. Some only accept settled shares, other also accept a notice of guaranteed delivery. Link to comment Share on other sites More sharing options...
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