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Technology Stocks : Ascend Communications (ASND)
ASND 207.04+0.7%Dec 8 3:59 PM EST
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To: Larry Myers who wrote (26587)12/6/1997 4:15:00 PM
From: Perry   of 61433
 
Can anyone explain how one an option would do in a takeover?
For example, if you had a stike price of $30 with expiration on April, would the option be worthless if the buyout offer can in at $35. What would such an option be worth considering the fact that the time value is then pretty much worthless.

Thanks in advance,
Perry
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