Clearing House Advisory Notices
To | Clearing Member Firms
From | Clearing House Department
Subject | CORPORATE EVENT: KeySpan Corporation (KSE) Contract Adjustment 9/5/07
Notice Date | 2007-09-04
Notice Number | 07-206
Effective Date | 2007-09-05
Shareholders of KeySpan Corporation (KSE) voted on Thursday, August 17, 2006, and approved a proposed Merger between KSE and National Grid US8 Inc., a wholly owned subsidiary of National Grid plc (NGG). KSE became a wholly owned subsidiary of NGG with the consummation of the merger on August 24, 2007. As a result, each share of KSE Common Stock will be converted into the right to receive $42.00 cash per share. On August 27, 2007, all KSE1C futures were adjusted to deliver $4,200 ($42.00 x 100 shares). The maturity date for all KSE1C futures will be accelerated to Wednesday, September 5, 2007. This corporate action will be coordinated with the Options Clearing Corporation. For the full text of this advisory . . .