Why haven't we recived our money from the Genentech tender? Are these cheap bastards making even more money by delaying the payments? If they have not paid for the shares then the offer has failed and DNA is still publically owned.
If you tendered your shares through Schwab or Fidelity, you would have had your cash already.
I know that, but, if I didn't tender my shares, I don't have to pay a commission. I have had many stocks called away through the years and I HAVE NEVER HAD TO WAIT TO GET THE MONEY.
I complained to the SEC since I had not received money and it has been one week today since it ceased trading. If you want to complain to the SEC, just look on line and you will get an email form.