Dell - what do spread betters get

[waspy]

Hi, if someone was to of been spread betting (using a service like ETX Capital, CMC etc), now that dell is giving share holders $13+ per share, does this mean the spread betters will only allow positions to be closed at this cash amount?

Thanks
Waspy

 

[ETX Capital]

Hi, if someone was to of been spread betting (using a service like ETX Capital, CMC etc), now that dell is giving share holders $13+ per share, does this mean the spread betters will only allow positions to be closed at this cash amount?

Thanks
Waspy

Hi Waspy

Dell is still trading at the moment (closed at $13.42 yesterday) and although it has been proposed that share holders will received $13.65 per share there is no official confirmed pay date yet so until that is announced the contract can be traded (and closed) at whatever the current market price is.

Good luck, Rob.