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Technology Stocks : Siebel Systems (SEBL) - strong buy?

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To: Trader Dave who wrote (1178)3/5/1998 9:03:00 AM
From: Melissa McAuliffe  Read Replies (1) of 6974
 
TD, I am hoping that you or someone can answer a question I have with respect to options. If I bought scop options (use July 20's for example purposes only) what happens once this merger is finalized. My initial reaction would be that they would convert into sebl options. But at what price? Assuming that sebl has split before these options expire would I then have .728 sebl options for every scop option as with the stock. I am sure there is a simple answer to this but I am having a difficult time figuring it out. Thanks.
Melissa
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