It has granted an option, which runs through September, to the foundation to buy the property.
In section 6.11 of the agreement, JPMorgan was granted an option to purchase Bear's headquarters for $1.1 billion.
Under the terms, JPMorgan was granted an option to buy its remaining stake in Cazenove after five years of a joint venture.
The S.E.C. filing said Garden State was paid $2.4 million to grant an option to an unidentified party to buy "a certain newspaper" between 2003 and 2010 at the paper's fair market value.
So when he bought 10percentt of the shares in Riviera Hotel and Casino, a company based in Las Vegas, Mr. Trump was required to grant an option to purchase the shares to his public corporation.
In a notable example recently, Webb in April 2001 exposed a complicated deal in which the Nasdaq-listed Internet Capital Group (icg) granted an option to Hutchison Whampoa, controlled by the Hong Kong tycoon Li Ka-shing, to buy for $29 million real estate and other assets worth $164 million that belong to its Hong Konglisted icg Asia.
Its founder and CEO, James H. Goodnight, managed that feat without ever granting a stock option or borrowing a dime.
Goldberg's takeover of the club finally went through in early June, although Noades maintained ownership of the ground, leasing it back to the club, and granting them an option to buy.
Assume a company granted an indexed option when the stock price was $10 and chose to index against the S&P 500, which grew at a rate of 10% per year.
They were granting an awful lot of options six or seven years ago, which I why I, personally, recommended selling the stock.
