There are 2 ways things can play out with a t/o.
Sometimes holders need to convert options to shares and sometimes the predator will offer to pay optionholders the t/o price minus the exercise price.
Either way, there is always plenty of time to convert, sell or accept an offer. It often takes many months for takeovers to play out.
Time to exercise the company option?, page-5
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Mkt cap ! $120.8M | |||
| Open | High | Low | Value | Volume |
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