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Strategies & Market Trends : Arbitrage Plays
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To: Wallace Rivers who wrote (119)12/7/1999 5:37:00 PM
From: Allen Furlan   of 376
 
Wallace, I played avdo as a covered call position. Cost was 4 dollars net of March 5 premium. As to missing tender date ,my understanding is that most deals are written so that acquiring company pays the tender price but that settlement is less timely, perhaps 3-4 weeks later than tendered shares.
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