(4) Where the Minister receives an offer to purchase a stock option or capital stock acquired under a stock option and he finds the offer acceptable, he shall notify the person from whom the stock option or capital stock, as the case may be, was obtained and that person shall have the assignable right, during the seven business days following the day notice was given, to elect to purchase the stock option or the capital stock, as the case may be, at the price and on the terms and conditions, including the closing date, specified in th ...[+++]e offer to purchase.

Options: An option is an agreement that gives the buyer, who pays a fee (premium), the right — but not the obligation — to buy or sell a specified amount of an underlying asset at an agreed price (strike or exercise price) on or until the expiration of the contract (expiry). A call option is an option to buy, and a put option an option to sell.

(Return tabled) Question No. 168 Mr. Frank Valeriote: With regard to the engines (propulsion system) for the 65 F-35 fighter jets purchased by Canada for future use by the Canadian Forces: (a) does the estimated $9 billion acquisition cost for the 65 F-35 fighter jets include the engines for all 65 F-35 fighter jets; (b) if the government’s response to part (a) is yes, for each of the 65 F-35 fighter jets, (i) which engine, including the manufacturer’s name, was used in the calculation of the estimated acquisition price for the 65 F-35 fighter jets, (ii) what is the estimated cost for each engine used for the calculation of the estimate ...[+++]d acquisition price, (iii) has the estimated cost for each engine used for the calculation of the estimated acquisition price increased or decreased since the original calculation and, if so, by how much, (iv) what is the estimated cost for sustainment over a 20-year period for each engine used in the calculation of the estimated acquisition price, (v) how many engine choices or options were made available to the Department of National Defence (DND) for calculating the estimated acquisition price, (vi) what are the names of the engine manufacturers with regard to the government's answer in part (b)(v), (vii) with regard to the government's answer in part (b)(v), when were the engine choices or options made available to DND for calculating the estimated acquisition price; (c) if the government’s response to part (a) is no, for each of the 65 F-35 fighter jets, (i) what is the estimated purchase cost, above the $9 billion acquisition price, for each engine, (ii) what is the estimated cost for sustainment over a 20-year period for each engine; (iii) which engine and manufacturer was used with regard to the government’s answer in parts (c)(i) and (c)(ii); (d) have any engines options or choices been presented to DND or the government for final approval; (e) if the government’s response to part (d) is yes, (i) how many options have be ...

Question No. 841 Hon. Dominic LeBlanc: With regard to the government’s planned purchase of 65 F-35 aircraft and other purchase options made available for the government consideration: (a) when was the decision taken by the government to approve this purchase; (b) what was the quoted unit price given to the government at that time; (c) what was the maintenance and in-service support estimated cost over a period of 20 years at that time; (d) to what amounted the estimated industrial benefits to Canada at the time in terms of dollars ...[+++]and jobs; (e) what other purchase options were made available for the government's consideration; (f) what was the quoted unit price for each other aircraft option at the time; (g) what was the estimated cost for maintenance and in-service support covering a period of 20 years for each option at the time; and (h) to what amounted the estimated industrial benefits to Canada at the time in terms of dollars and jobs?

(c) "Supply contracts" are contracts other than those referred to in (b) having as their object the purchase, lease, rental or hire-purchase, with or without the option to buy, of products.

Ms Deber: Let me tell you one of the reasons why I do not think the purchaser option is an answer.