Member Info for MrCorpAction

There seems to be some confusion on the board today. For clarity and understanding when you accept an offer your shares are transferred to the bidder and moved electronically into an escrow account with registrar acting on behalf of the bidder and then form part of the overall acceptance.

As you have legally agreed to transfer your shares to the bidder at this stage needless to say they are no longer yours to sell unless the offer is withdrawn and they are returned by the registrar to your respective broker. At this point your broker is required to credit them back your account in a timely manner.