Hi there, I'll appreciate if somebody can help me to decide if go out or keep in an active Bullish position: OCR Dec18'15 95 Call. I never experienced yet a merge and that is why I need some help. It results that OCR may be absorbed @18Aug by Tree Merger Sub, Inc (subsidiary of CVS Pharmacy, Inc). actually this is the information that I have:
On August 18, 2015, Shareholders of Omnicare, Inc. (OCR) will vote concerning the proposed merger with Tree Merger Sub, Inc., a wholly-owned subsidiary of CVS Pharmacy, Inc. If the merger is approved and consummated, each existing OCR Common Share will be converted into the right to receive $98.00 net cash per share.
Then my question is, should I keep it or should I move out?
Thank you in advance!