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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Richard Nehrboss who wrote (30883)	8/11/1998 10:50:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Richard, Your options will trade as they are until the deal is set in concrete. That often takes a lot longer than anyone expects. Because this is an odd ratio, not 1 to 1, I suspect the exchange will simply trade the Cliffs Drilling shares marking the price relative to changes in R&B Falcon. The other alternative, giving you a very odd number of options struck at 11 and change just doesn't look manageable, IMHO. They can go either way, but I am guessing the former. BTW, congrats and I suspect you will be called before the deal is ever done. MB