JULY 5, 2017
FORTRESS INVESTMENT GROUP LLC – ANTICIPATED CASH SETTLEMENT FUTURES SYMBOL: FIG1D DATE: ???
On July 12, 2017, Shareholders of Fortress Investment Group LLC (FIG) will vote concerning the proposed merger with Foundation Acquisition LLC, a wholly-owned subsidiary of SB Foundation Holdings LP. If the merger is approved and consummated, each existing FIG Common Class A will be converted into the right to receive $8.08 net cash per share. CONTRACT ADJUSTMENT DATE:
Effective the opening of the business day after the merger is consummated. Contract adjustment is expected to occur in the second half of 2017.
100 (e.g. 1.00 equals $100)
NEW DELIVERABLE PER CONTRACT:
$808.00 Cash ($8.08 x 100)
Settlement in FIG1D futures will take place through OCC’s cash settlement system. Pursuant to Rule 1304 of OCC’s Rules and Bylaws, the maturity date for all FIG1D Security Futures will be accelerated on a date to be determined.
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