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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Fortinwit who wrote (24928)	10/6/1998 12:58:00 AM
From: Jacob Snyder	Respond to of 70976

re: GE buying AMAT: in your entirely theoretical scenario, when you bought the options, you bought the right to buy the stock at 30$. When the merger is announced, the options will go from being worth almost nothing, to being worth nothing. You're SOL.

To: Fortinwit who wrote (24928)	10/7/1998 4:12:00 PM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 70976

Your options will expire worthless. It's that simple. I do not believe it would make any difference if GE paid for AMAT in stock rather than cash. The fact that AMAT shareholders exchanged all their shares for shares of an acquiring company would not change the fact that you had options in AMAT shares, not GE's. In fact, I think your options would still expire on the original expiration date, even though the underlying stock was gone long before. mg