Big fat NO - add 72000
Check out this condition
- all outstanding options to acquire UMC shares are exercised or acquired by BHP Billiton;
If I read this correctly, outstanding management options will get their oppies converted by BHP. Mr Tan gets his 200,000 for nothing (= $260,000) for 3 months effort (not bad)
UMC managament are theives and serve NO ONE except themselves!
shareholders - rejecting the offer list, page-48
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