Amarin Corp Plc (AMRN)

[ferretmoney]

If there is a deal for stock or cash plus CVR, until the deal is closed the CVR does not exist, and therefore the value the market attaches to the CVR will be part of the share price. it will be like an ex-dividend event. So, if the deal were announced I don’t think the record date would be before March expiration and therefore if the March 30 call had intrinsic value of $10 after the deal at $40, and the market thought the CVR value would be $20 then the call value would be $30 at expiration.

By the way a deal that low will not happen.

The above is all my own opinion.