• Corporate Events: UST Inc. (UST)

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      • Clearing Member Firms
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      • CME Clearing
      • #
      • 09-04
      • Notice Date
      • 07 January 2009
      • Effective Date
      • 07 January 2009
    • ACTION:                                                           On December 4, 2008, Shareholders of UST Inc. (“UST”) voted concerning the proposed merger with a subsidiary of Altria Group, Inc. The merger was approved and subsequently consummated prior to the opening on January 6, 2009. As a result, each existing UST Common Share will be converted into the right to receive $69.50 net cash per share.
       
                                                                              This action will be coordinated with the Options Clearing Corporation.
       
      CATEGORY:                                                     Cash Settlement
                                                                             
      EQUITY SYMBOL:                                            UST Inc. (“UST”)
       
      ONE CHICAGO SYMBOL:                                 UST1C will be de-listed
       
      CME FUTURES SYMBOL:                                 NR will be de-listed
       
      MULTIPLIER:                                                   100 (e.g., 1.00 equals $100.00)
                                                                             
      EFFECTIVE DATE:                                           Wednesday, January 7th, 2009
       
      NEW DELIVERABLE PER CONTRACT:             $6,950.00 ($69.50 x 100)
       
      APPLICABLE CONTRACT MONTHS:                 January, February, March and June 2009
       
      SETTLEMENT PRICES AND POSITIONS:         The maturity date for all UST1C Security Futures will be accelerated to January 7th, 2009.
                                                                             
      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.

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