Still trading just a few cents below par. Does that make sense to anyone?
Question: When the sale is finalized, assuming I do nothing - i.e., I don't take action to elect all-cash or all-stock - I assume that the $8/share plus the ISIL stock at .335 ISIL/share will just arrive in my brokerage account and the XICO stock will disappear. Does the brokerage (Schwab, in my case) normally charge anything for the transacion?
This is not your choice, so I don't believe you will be charged a transaction fee. As you said the cash and pro rata share distribution should appear in your account. At least that is what happened in my experience in a similar situation.