Wednesday, December 26, 2012

Fushi Copperweld = Done Deal, Really this Time!

Fushi Copperweld, Inc. (Ticker: FSIN) is finally a done deal. The company just filed with the SEC to delist the shares. I anticipate that payment should come quickly. This was probably one of the easiest arb plays I’ve been involved in this year.

3 Comments:

At December 28, 2012, Anonymous DCFrancis said...

From your experience, typically how long does it take for these types of transactions to complete (i.e. cash in the bank)

 
At December 28, 2012, Blogger Money Turtle said...

I would expect the cash to show up in your brokerage account within a week after closing.

 
At December 31, 2012, Blogger Money Turtle said...

The cash showed up in my account this morning. That was quick...

 

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