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To: E. Dabbish who wrote (6436)5/9/1999 4:12:00 PM
From: Linda Kaplan  Read Replies (2) | Respond to of 6565
 
If the buyout occurs at 21, you'll be paid $1 for your $20 calls at the time of settlement. If there's a higher offer, you'll get more. :)

Linda



To: E. Dabbish who wrote (6436)5/9/1999 9:37:00 PM
From: Linda Kaplan  Respond to of 6565
 
My thinking is that the fact that Phillips has upped their price to buy shares (they're now paying 20-7/8) means to me that they think they need as many as they can buy. For that reason I'm thinking they may actually pay 21 or even more than 21, in order to get controlling shares. Options represent control of shares too. So I'm thinking that they could buy our options at more than 21 in order to get control of more shares.

Linda