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Technology Stocks : UMG - MediaOne Group -- Ignore unavailable to you. Want to Upgrade?

To: Brian Malloy who wrote (875)8/4/1999 2:55:00 AM
From: edwin mok  Read Replies (1) | Respond to of 891
 
Brian, thanks for the analysis. I've been through a few buyout deal myself, and this one looks good. I'm kindda of surprise to find the high premium on options, given that UMG is pretty much limited on the upside. About Tom's question, I believe the options should be converted to T options and the option holder won't get any part of the cash portion.

OT, I'm in Case corp right now, which has a pending merger with HV Holland. It's all cash deal that should be closed by Oct. I think this deal is a given and I don't see any reason why the deal would fold. CSE is currently trading for $47 13/16 and the offer is at $55. Check it out and let me know what you think.



To: Brian Malloy who wrote (875)8/19/1999 6:06:00 PM
From: Tim O.  Read Replies (1) | Respond to of 891
 
I did a little research on the CBOE site to determine how options are convereted on a cash+stock merger. This is what I found out:

> UMG options will be converted to a new option symbol (not T).
> the new symbol will carry cash + .95(T)
> the cash portion will be determined on the final settlement.

hope that helps.


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