Sepracor-Looks very promising Message Board

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Biotech / Medical : Sepracor-Looks very promising

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To: Don Miller who wrote (2519)	4/22/1999 10:37:00 PM
From: IRWIN JAMES FRANKEL	Read Replies (1) of 10280

Leaps are options -- just longer. The issue if there is one is in the event of a merger will the leap continue as an option on the surviving company. I think it will. And this is easy to do if the merger is for stock. But if it is for cash -- the leap would either be a winner or loser at that point and the time value would be worthless. Who wants an option to buy cash? If I am wrong -- I welcome correction. ij

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