Why is the tender offer not reflected in my upcoming corporate actions?

In the event you submit an election for an open voluntary corporate action, IBKR will reflect your election as pending until the deadline of the offer. At the time of our submission of the elections to the depository or clearing agent, IBKR will run a check against current holdings in the account. If you have previously sold the shares on which you have elected, IBKR will reduce your election…

Please know that IBKR will receive information regarding upcoming mergers from a variety of sources and will provide notification to clients upon receipt.

If an announced merger will contain a voluntary portion whereby the shareholder may elect the allocation, the voluntary portion will be reviewed by IBKR and will be made available through Client Portal. This review period may take several additional days from the initial notification as we look to review the terms of the offer, possible restrictions and our clearing agent's deadlines before making the offer available for election by clients…

An issue change is considered a mandatory corporate action. Clients do not need to take action on mandatory corporate actions. IBKR will process mandatory corporate actions on the effective date, or upon receipt of the new shares or funds from the depository or clearing agent…

A merger is considered a mandatory corporate action. Clients do not need to take action on mandatory corporate actions. IBKR will process mandatory corporate actions on effective date, or upon receipt of the new shares or funds from the depository or clearing agent…