Under the terms of the deal, Cisco will pay $43 for each share of Scientific-Atlanta, and assume outstanding options, for an aggregate purchase price of approximately $6.9 billion, or approximately $5.3 billion net of Scientific-Atlanta's existing cash balance.
To account for that, in February Barnesandnoble.com actually repriced almost 6,000 outstanding options from an exercise price of almost $16 to $8.
Walgreen said it would pay $19.50 in cash for 34.5 million outstanding Option Care shares and 4.5 million in option equivalent shares, or a total of $760.5 million.
Stock option gains represent the value realized by executives when they exercise outstanding option awards.
In a few companies, outstanding options now account for almost half the equity.The fastest increase has been in high-technology firms.
Norton, a subsidiary of Compagnie de Saint-Gobain, the French company that is the world's largest glassmaker, will pay $18.25 a share, a total of $136 million, for Chemfab's stock and spend $5 million for outstanding options.
Nokia, the world's largest cellphone maker, said yesterday that it would pay $78 in cash for each share of the digital mapmaker, including outstanding options.
Tolstedt will not receive any severance or bonus for 2016 and agreed not to exercise her outstanding options while the investigation is ongoing.
And they've made two acquisitions: Denmark's DBA for $380 million and Amazon-funded Bill Me Later for $820 million in cash and approximately $125 million in outstanding options.
At the same time it is buying Denmark's DBA for $380 million and Amazon-funded BillMeLater for $820 million in cash and approximately $125 million in outstanding options.
