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Strategies & Market Trends : Arbitrage Plays -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (119)	12/7/1999 5:37:00 PM
From: Allen Furlan	Respond to of 376

Wallace, I played avdo as a covered call position. Cost was 4 dollars net of March 5 premium. As to missing tender date ,my understanding is that most deals are written so that acquiring company pays the tender price but that settlement is less timely, perhaps 3-4 weeks later than tendered shares.

To: Wallace Rivers who wrote (119)	12/8/1999 10:43:00 AM
From: Daniel Chisholm	Respond to of 376

As an another example, SSI. Let's say you purchase the day before the stock ceased to trade. In other words, you were trying to scalp 1/8 of a point or thereabouts. But you don't become of record until a couple of days after the stock ceases to trade, and probably about the time the cash is paid out. How was this handled? Perhaps a "due bill" is attached to the shares, like the way stock splits are handled between the "record date" and the "distribution date"? I don't know this, it's just my guess of one way that it could be done.... - Daniel