When a public company (e.g. Twitter) goes private, when do shareholders receive funds?

External question — Personal Finance Stack Exchange Author: puzzled Original post: https://money.stackexchange.com/questions/153414 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I was wondering what is the reasonable time frame when ordinary investors receive the money from a sale of a company that is acquired to become private. I see Twitter was acquired on Thursday (Oct 27, 2022), but no funds have been received. I see a news item that says Shareholders will receive $54.20 per share of stock when all the paperwork is filed But it is not clear how many days to be exact ? Suppose an investor needs money for another trade or needs to withdraw funds, how can one plan for that?

External answer — Personal Finance Stack Exchange Author: puzzled Original post: https://money.stackexchange.com/a/153432 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. This was my first encounter with a company whose stock I was holding. For Twitter, I received Fund on Oct 31/2022. It was not visible on 10/31/2022, but was visible on November 01's morning.

External answer — Personal Finance Stack Exchange Author: user71659 Original post: https://money.stackexchange.com/a/153483 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I believe this works exactly the same as selling your stock in a normal market transaction. The sale of Twitter was closed on October 27th (Thursday), so you've sold your stock on that day. The funds will follow T+2 settlement and arrive 2 business days later, in this case Monday, October 31st.