ACTION: On December 12, 2007, Shareholders of Navteq Corporation (“NVT”) voted concerning the proposed merger with Nokia, Inc. (“NOK”). The merger was approved and subsequently consummated before the opening on July 10, 2008. As a result, each existing NVT Common Share will be converted into the right to receive $78.00 net cash per share on Friday, July 11, 2008.
This action will be coordinated with the Options Clearing Corporation.
CATEGORY: Cash Settlement
EQUITY SYMBOL: NVT (Navteq Corporation)
ONE CHICAGO SYMBOL: NVT1C will be de-listed
CME FUTURES SYMBOL: NVT will be de-listed
EFFECTIVE DATE: Friday, July 11, 2008
DELIVERABLE PER CONTRACT: Effective Thursday, July 11, 2008, trading on NVT1C Futures will cease. The new deliverable per contract will be $7,800 ($78.00 x 100) and settlement for NVT1C Futures will be accelerated to Friday, July 11, 2008.
NOTES: The forecasted effect of the upcoming corporate event on each clearing firms’ positions can be viewed in infopac in the Corporate Event Initial Forecast Report (ONE712), the Corporate Event Final Forecast Report (ONE713), and the Corporate Event Forecast Audit Report (CPDBU710).
If you have any questions regarding the information provided in the document, please call CME Clearing risk management hotline at (312) 648-3888.