.0760 divided by 3 = .02533 times LMCA Share Price of 129.16 = $3.27
If you don't understand this you shouldn't be here. If this gets raised by 10% then it equals $3.60, which is the amount your account would show as the value on the date of exchange IF they raise the deal by 10% (highest likely upside.) If they don't change the deal it will probably crater and then this might be a good stock to own, but the first reaction may be a decline.
where did the "divided by 3" come from. And please don't insult me...I just asked a logical question. I have another since you seem to be an expert: what happens to my Jan 2015 $4 calls if the deal goes through. Finally, none of retail "investors" should be here, ya think?