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drg
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ON THE OPTIONS CHART FOR JAN/25 FOR THE STOCK T, THERE ARE TWO ENTRIES. ONE IS TAE2.95 WITH WHICH l AM FAMILIAR, THE OTHER IS ZGLAE 10,20. WHAT IS IT?
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Star
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Clone
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The ZGL options used to be BellSouth options before BellSouth merged with T. The were adjusted to require delivery upon exercise/assignment of the same thing the owner of 100 shares of BellSouth stock received in the merger, specifically:
(A) 132 shares of T Common Stock, plus
(B) $17.61 cash in lieu of 0.5 fractional share of T Common Stock
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