Also important, if you are short, then you will likely have to PAY your broker $1/share
I.e the broker will try to get a hold on TRW-shares at that cost? Or the broker will try to give people cash instead of TRW-shares?
How has this worked with other companies that gives a share-dividend (or preferred convertible)? If I get cash over the TRW-shares after taking this hit, then all hell will break loose!
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