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Technology Stocks : DSC Communications
DIGI 0.00010000.0%Jun 3 1:06 PM EST
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To: Taby who wrote (4361)6/29/1998 11:09:00 PM
From: Steve Fancy  Read Replies (2) of 4429
 
No, my understanding is that may be the case with a cash deal, but this is a stock swap. So, the 130 calls you sold will convert to ALA calls. Either the strike price and/or number of shares a contract covers will likely be changed. These changes must be fair and equitable to all involved.

FWIW, ALA obviously could go eitherway, but based on todays close of 41 1/4, DIGI would be valued at approx $33.62 a share.

sf
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