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

To: Jill who wrote (2236)	2/4/2000 10:47:00 AM
From: codawg	Read Replies (2) \| Respond to of 8096

I recall that someone on this thread was talking about an options play on ETEK. I did some DD and opened a position in ETEK Apr 230 calls over the last 2 days. The deal is 1.1 JDSU shares for each ETEK share so if it were to go through today, the ETEK stock would be worth $238. This 15% discount seems unusually high to me (or maybe someone knows something I don't). Also, with the Aprils you get the JDSU stock split in March. I know the deal has a do or die date of Oct. 31 and I know that there is a $350MM walk away fee. My question is, does anyone know when the deal is EXPECTED to close or when ETEK shareholders meet to approve (which should be a formality given the value it has created)?