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Hello, I work for a large company that will be splitting into 2 separate companies this year, probably by mid-year. I currently have 2,000 unexercised stock options that are worth about $10,000. After taxes I'll probably get half of that so not a huge amount of money but nothing I want to lose out on.
Does anyone know what happens to the options when the company splits? The corporation hasn't announced yet what they will be doing. Are our options adjusted so that we get an equal number of shares in both of the 2 new companies?
What happens to the share price of the 2 new companies when they split? How is that determined? Is it as if both of the 2 new companies are going public?
Is it best for me to just take the money now and not worry about this or should I sit tight and wait. The stock is just about at a 52 week high now.