### Comment:
Why may expiry? If there’s 40 day in effect won’t they either say they took the offer, they found a better one, or they are taking neither by end of December? Even if it still needs a vote, at that point won’t price be slightly below 81$ worth because there’s a chance it doesn’t go through?

### REPLY:
How does that work playing an acquisition. Don’t any options after that acquisition date expire worthless when the company is acquired by cash?

### END.