JPMorgan claims the Aug 7, 2018 tweet amounted to a significant corporate transaction that allowed it to adjust the strike price, and the bank reduced it to maintain the same fair market value as before the announcement. Tesla abandoned the going-private deal on Aug. 24 of that year, and JPMorgan again adjusted the strike price to reflect the increase in the share price.
This story is from the November 17, 2021 edition of Business Standard.
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This story is from the November 17, 2021 edition of Business Standard.
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