When a merger is completed the two companies that merged combine into a new entity. At that time, trading in the options of the previous entities will cease and all options on that security that were out-of-the-money will become worthless. Generally, this is determined by the very last closing price on that stock.
- a company is acquired at a higher price than the strike price, the holder can profit from the difference between the strike and the takeover price.
- If the strike price is higher than the market price or takeover price ever is, the option will expire worthless.
When a merger is completed the two companies that merged combine...
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $24.05M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.5¢ | $62.53K | 316.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 121564 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 41011 | 1 |
View Market Depth
| Last trade - 15.56pm 27/06/2025 (20 minute delay) ? |
| TOE (ASX) Chart |