those options at 1.80, 2.00 and 2.20 have not been exercised. as far as i understand, those options will be cancelled IF the Arrow offer ends up going through in the current format.
I would hope that the 9.8million 50c options expiring at the end of November 2011 had no consideration when the board decided to accept Arrow's increased $1.52 offer. Yes, it's money for jam accepting a take over at this price when you have 50c options, but i am lead to believe that the baord have more heart and compassion for it's shareholders.
Can anyone give an indication for when the independant valuation report could be due? it would be well before the current offer expires wouldnt it?
BOW Price at posting:
$1.49 Sentiment: Hold Disclosure: Held
