So what happens to those options when the buyout goes through? It looks like they offer out to 2013. Do the existing contracts just languish in la-la land until expiration?
Looks like all OTM options are dirt cheap, most are N/A or 0.05. That must be a sign that the buyout is almost a 100% deal and all OTM options will be worthless.
in this case, the deal is cash so the out of the money options expire worthless upon deal closing; the in the money options expire with a spot reference price of 14.6 and you receive cash instead of shares.
