Options of an acquired company


Disclaimer – A stock market beginner here. Please excuse if the answer to this question is extremely obvious or if this is a stupid question.

Say for example news come out today that company A is acquired by company B and I buy call/put options of company A today.

a) What will happen at the day of the merger?
b) Is it a wise decision to buy options at this stage?

Thank you in advance.


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