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To: broken_cookie who wrote (15046)1/7/1998 2:52:00 PM
From: Michael Rich  Read Replies (2) | Respond to of 69866
 
I would guess all time premium will be gone once the deal
is sealed?



To: broken_cookie who wrote (15046)1/7/1998 6:29:00 PM
From: Judy  Respond to of 69866
 
Richard, if the buyout is for $35/share cash, the BAY 35c leaps are dust once the buyout is finalized. And until finalization, the leaps would trade at intrinsic value of $35 with the time value vaporized. Why don't you check with your broker and post what he/she says.