".....If the investor elects to exercise in December, the value of the put increases by 6.25 per cent.
"In the event that the put option is not exercised in either July or December 2017, it may be exercised at any time prior to December 31, 2018, with a settlement value of $US34 million, but only following a change of control transaction," the company said on Monday in a statement to the ASX....."
Read more: http://www.copyright link/business/...wood-put-option-20170430-gvw04z#ixzz4mTopCo6F
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