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To: Dragonfly who wrote (2292)3/19/1998 2:18:00 PM
From: Valueman  Respond to of 10852
 
In the only experience I have had like this, the company I owned stock and options in was bought for stock, and my options converted into options in the acquiring company. I do not know what the "standard" is in these situations.



To: Dragonfly who wrote (2292)3/23/1998 12:01:00 AM
From: siyeh  Respond to of 10852
 
It depends on the actual deal. If it is a cash takeover, the price of the leaps would go to parity(stock price minus strike price).For example, if LOR were taken over at a price of $40, the 2000 leap with a strike price of 30 would be worth $10.If it were a stock swap or merger,the leaps would be converted to options/leaps on the new or acquiring company.


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