Delisting simplifying is making a company private (its shares are no more traded in public stock exchanges).
Depending on the country where the stock is listed the buyers could be forced to buy all the company’s stocks, and also depends the % ownership the major shareholder has. For example, in country X, if a shareholder holds 90% or more, he must buy the remaining shares and the other shareholders are forced to sale. And when a minimum threshold is meet, the company is delisted, because there isn’t enough shares available to be traded in a public stock exchange.
In most cases, when a company is bought by an investor/private equity fund/company to make it private, they offer to buy all the stocks from all the shareholders during a certain time period, after that the remaining shareholders wishing to remain as shareholder will have an iliquid asset, meaning that it will be very difficult to trade its stocks, being extremely limited on available buyers and on the price wishing to sell.
Also the public information (business, financial and others) on private companies is very limited or even nonexistent. This is one of the reasons to became a private company, to conceal information from the public. The public traded companies are legally forced to disclose a minimum of information to the markets (existing and potential investors).
I am vaguely aware that such payments are generally quite slow, maybe averaging 2 or 3 weeks.
Sometimes it can take longer as well; but rest assured that if money is due to you, it is coming. Sit tight!
Update: I was browsing through the Pies in my account and found the missing money in the one named “Agribusiness” that I created
previously. It seems that when the shares were liquidated the money went to the “cash” part of the Pie. I thought it would go to the “free fund” of my account.
Anyway lesson learned and I have just withdrawn the money from the “cash” to the “free fund”.