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Politics : Formerly About Applied Materials
AMAT 223.31-3.2%3:59 PM EST
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To: Fortinwit who wrote (24928)10/7/1998 4:12:00 PM
From: BelowTheCrowd  Read Replies (1) of 70976
 
Your options will expire worthless. It's that simple.

I do not believe it would make any difference if GE paid for AMAT in stock rather than cash. The fact that AMAT shareholders exchanged all their shares for shares of an acquiring company would not change the fact that you had options in AMAT shares, not GE's.

In fact, I think your options would still expire on the original expiration date, even though the underlying stock was gone long before.

mg
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