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To: upanddown who wrote (27479)8/11/1998 1:21:00 AM
From: Dwight E. Karlsen  Respond to of 95453
 
It won't matter if the merger closes before expiration of any CDG options. In that case, your broker will simply issue you new options with a new symbol, and they will pick a nearby strike price of FLC and issue you your money's worth of options, with left-over fractions deposited as cash into your account. Your broker does have the responsibility to automatically take care of these bookkeeping functions, with no input necessary from you. All you have to do is decide whether CDG/FLC stock is going up or down (oh, and keep your eye on crude prices. -g-)



To: upanddown who wrote (27479)8/11/1998 9:21:00 AM
From: SJS  Read Replies (2) | Respond to of 95453
 
John,

I have been in this situation once, but since I didn't hold the options until expiration, I can't advise on this "end-game".

I let the ones I owed "pop" and then sold them for the increase in value.

Congrat on the decision to buy both. Are they both going to move up or is one going to move down????


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