Spreads and other multiple-leg option strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return.

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Strangles and other multiple-leg options strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return.

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"The substantial premium reflected in our initial proposal anticipated a friendly transaction with you, " Ballmer wrote.

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Shortly after the public announcement of the relevant corporate transaction, BAUER sold the shares that he had acquired, usually resultingin substantial profits for BAUER, KLUGER, and CC-l.

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Unfortunately, the proposed Silver Lake transaction falls significantly short of that, and instead appears to be an effort to acquire Dell at a substantial discount to intrinsic value at the expense of public shareholders.

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