Attention, those of you who own Monster Worldwide, Inc. (MWW): MWW has been acquired by Randstad Holding. The acquisition includes a buyout of $3.40 for all outstanding shares of MWW. Because of this transaction, you should Transmogrify MWW as soon as possible.
We’re here to help! Here is a link to the Transmogrification document that will tell you step-by-step what to do.
Please note: the buyout price of $3.40 will also be the Price of Old Stock used in the Transmogrification calculations.
Lattco PRO clients: Please use this link to access the transmogrification document for your accounts. Also, please give us a call after you have purchased shares for your new position and before your sell your options; we will need to make some adjustments to your account to properly reflect the transmogrification.
Lattco AutoPilot clients: At this time, trading screens for Transmogrification are not included in the AutoPilot system. You will need to login to TradeKing to place three orders to complete the Transmogrification process:
- Sell your existing shares
- Buy the same amount of shares for your new stock
- Sell to Open a put at the top of the lower band to replace the purchase for the current month if you don’t own 10x your initial purchase level
Once this is complete please notify us and we will adjust your AutoPilot account so that it can suggest the appropriate call option orders.
If you have any questions, please don’t hesitate to contact us at support@snideradvisors.com or 1-888-6-SNIDER. We’ll be happy to walk you through the process.
