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Technology Stocks : Loral Space & Communications

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To: Dragonfly who wrote (2292)	3/23/1998 12:01:00 AM
From: siyeh	of 10852

It depends on the actual deal. If it is a cash takeover, the price of the leaps would go to parity(stock price minus strike price).For example, if LOR were taken over at a price of $40, the 2000 leap with a strike price of 30 would be worth $10.If it were a stock swap or merger,the leaps would be converted to options/leaps on the new or acquiring company.

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