Re: Two possibly helpful, but prettyy basic thoughts - ESSENTIAL QUESTION
To Doolen’s point about exercising CELG calls on Monday/Tuesday in order to get BMY shares AND the CVRs, the essential question is whether those calls, if held through closing on Wednesday, will convert to an option to buy 100 shares of BMY AND 100 CVRs for $50 under the strike price as that would be the equivalent value of the call prior to closing when it represented the right to buy 100 shares of CELG at the strike which would convert at closing to 100 shares of BMY, 100 CVRs, and $50 cash per share. If this is the case, then there is no urgency to exercise the calls prior to Wednesday. Does anyone have a clear answer as to exactly what CELG calls will convert to son that those of us who hold CELG calls can make a rational decision before Wednesday?