So I have stock in ASX who announced a merger earlier in the year with SPIL and I received all the usual merger notices etc about they will become "ASE Industrial Holding" and the way the share exchange will reflect etc.
However, I'm confused about a couple things since this is the first stock I own that's gone through a merger and was hoping someone could lend some experience to an amateur.
Whereas currently ASX reflects the name change now where I check it, however SPIL remains the same, and they both appear to be still separate entities. In my position dashboard on TD no gains are reflected, the symbols remains the same, the amount of shares remains the same, and what I would expect the new valuation isn't reflected?
Is this just because of a timing thing as they go through the motions and eventually TD will catch up and the change(s) will get reflected, or am I just missing something as an amateur investor? What if something came up and I wanted to sell those shares for some liquid cash to put elsewhere, are they locked while merger is in motion?
I do apologize as I've read lots of amateur resources going through the scenario but they don't seem to apply in this one. Looking for a little more direct education from another pair of eyes. Cheers!