• Corporate Events; of Electronic Data Systems Corporation (“EDS”) - Effective Tuesday, August 26, 2008

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      • Clearing Member Firms
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      • CME Clearing
      • #
      • 08-199
      • Notice Date
      • 26 August 2008
      • Effective Date
      • 26 August 2008
    • ACTION:                                                          On July 31, 2008, Shareholders of Electronic Data Systems Corporation (“EDS”) voted concerning the proposed merger with Hewlett-Packard Company (“HPQ”). The merger was approved and subsequently consummated before the opening on August 26, 2008. As a result, each existing EDS Common Share will be converted into the right to receive $25.00 net cash per share.
                                                                              This action will be coordinated with the Options Clearing Corporation.
      CATEGORY:                                                     Cash Settlement
      EQUITY SYMBOL:                                            Electronic Data Systems Corporation (“EDS”)
      ONE CHICAGO SYMBOL:                                 EDS1C will be de-listed
      CME FUTURES SYMBOL:                                 DE will be de-listed
      EFFECTIVE DATE:                                           Tuesday, August 26, 2008
      DELIVERABLE PER CONTRACT:                      Effective Tuesday, August 26, 2008, trading on EDS1C Futures will cease. The new deliverable per contract will be $2,500 ($25.00 x 100) and settlement for EDS1C Futures will be accelerated to Wednesday, August 27, 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.