Depending on the terms of the takeover offer, you could have ample time to exercise the options at a discount to either a) the takeover price or b) the market trading price following any announcement.
Once the takeover is complete, I'm guessing the options would be worthless.
glass half full, page-20
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$1.25 |
Change
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| Open | High | Low | Value | Volume |
| $1.24 | $1.26 | $1.23 | $11.87M | 9.487M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 192001 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 129594 | 4 |
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