SEN 6.25% 1.5¢ senetas corporation limited

what happens to senoa if takeover occurs

  1. 580 Posts.
    I'm scratching my head wondering why Galbally converted his options to shares when he didn't have to yet.

    What happens to an option (like SENOA) if a company is taken over?
    A. Does is automatically convert to a share?
    B. Does the original conversion date along with the terms and conditions stand?
    C. Are they cactus?

    My guess is B but I don't know.
 
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