The document discusses potential adjustments to outstanding XYZ stock options in various scenarios, such as distributions, mergers, and conversions of underlying securities. It outlines how options might be adjusted to require delivery of different securities or cash, depending on the event affecting the underlying stock. The document also notes that adjustments are generally not made for tender or exchange offers, which can pose risks for put option writers.
documents/vol00010-efta01353419-pdf.pdf
{"document_type":"other","key_organizations":["XYZ","ABC","PQR"]}