Stock merger, H&L

FrankR

Hello

I have been holding a stock in an H&L investing account for a company that recently merged with another company (as of 2 days ago today).
The stock in my investing account reads 'n/a'.

The new post-merger company is now trading with a new ticker and stock price, following a 2:1 stock split.

My question is, how long will it take H&L to update my stock to reflect the merger? 

Just worried they won't act and will try and 'steal' my money...

I have read their T&Cs and can't seem to find any info on stock mergers but maybe I'm looking in the wrong place...?

First time I have dealt with something like this before so advice welcome.

Thanks.

ColdIron

• There is no And in Hargreaves Lansdown
• They won't 'try and 'steal'' your money
• You haven't said which companies are involved but these things are not instant, give it little while

FrankR

ColdIron said:

• There is no And in Hargreaves Lansdown
• They won't 'try and 'steal'' your money
• You haven't said which companies are involved but these things are not instant, give it little while

It was the TRCH and MMAT merger.  This was a popular stock so I'm assuming their delay is caused by a backlog and nothing underhanded...? Sounds reasonable?

ColdIron

A brief Google shows that - The merger is not 100% complete until June 30, suggest you wait at least that long

tacpot12

I agree it's nerve-wracking when you see your portfolio missing the value of a significant holding, but it will get updated shortly and you won't have lost anything. HL do this all the time.