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

To: Robert O who wrote (25100)	10/8/1998 6:00:00 PM
From: Mike Maxton	Respond to of 70976

And just one more followup to how options are handled for acquired companies. You posed the question to the WCOM thread, asking if anyone had MCI LEAPS, how they were handled after the merger. For any acquired or merged company with options affected, CBOE issues a bulletin that explains how the conversion will work. In the case of MCI being acquired by Worldcom, ON TUESDAY, SEPTEMBER 15, 1998, each adjusted MCI Communications Corporation contract will require the receipt or delivery of: (A) 124 shares of WCOM Common Stock, plus (B) cash in lieu of 0.39 fractional share of WCOM Common Stock See URL cboe.com for the complete bulletin. Each merger will have a bulletin defining the option adjustments on CBOE, in the Tools section (and usually the big ones will have a hot link on the main page, like Citibank today.) mike maxton