Author Topic: CKTM - Commerce Bank of Temecula Valley Merger Arbitrage  (Read 4084 times)

writser

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Re: CKTM - Commerce Bank of Temecula Valley Merger Arbitrage
« Reply #20 on: May 16, 2018, 07:36:29 AM »
The company offered shareholders to elect to waive appraisal rights for a faster payout. Your broker should have presented that option to you. For me the deadline to make this choice was May, 8 (for other brokers that deadline might have been a few days earlier or a day later or something). I received my payout the 14th. If your broker didn't inform you about this election then, well, your broker sucks :) . Still there shouldn't be any problem, the payout will probably just take a bit longer.

FWIW I think Interactive Brokers is basically the only broker that never fucks up stuff like this (and I wish I had bought their stock a long time ago - it's just too expensive for me ... ). They handle corporate actions a gazillion times better than their competitors.
« Last Edit: May 16, 2018, 07:38:20 AM by writser »
When you are dead, you do not know you are dead. It's only painful and difficult for others. The same applies when you are stupid.


bizaro86

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Re: CKTM - Commerce Bank of Temecula Valley Merger Arbitrage
« Reply #21 on: May 16, 2018, 08:45:33 AM »
Interactive Brokers is awesome for stuff like this. I should probably have just done a concentrated allocation to them when I first took an IBKR position a few years ago, instead of doing all this little arb type stuff.