05-25-2016, 03:25 AM
Yes. As long as you can still buy IOC shares you can get the CVR. The CVR is not structured like a dividend which has a cutoff date (ex-div) then continues to trade without the right to the dividend (or CVR). On the closing date of the merger all IOC shares will turn into either 1. Cash + CVR or 2. OSH shares + CVR and there will be no IOC shares remaining.
IOC will not trade in absence of the CVR right at any time unless they materially alter the deal.
IOC will not trade in absence of the CVR right at any time unless they materially alter the deal.

