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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: James P who wrote (64100)	7/7/1999 10:06:00 AM
From: Knighty Tin	Respond to of 132070

Jim, No, warrants are still a financial obligation of the acquiring co., assuming they have some time left. Otherwise these scamsters would issue warrants and do a fake takeover to make them worthless. The warrants on the old stock are usually convertible into the new stock at what directors consider an equitable ratio. This is easy in stock takeovers. In cash buyouts, it can get a bit hairier. Generally, firms do not like to punish warrant holders as it is in their interest to get their cash for new shares.