MediaOne Shareholders Should Take AT&T's Money and Run

As a current MediaOne (UMG Quote) shareholder, I am entitled, between now and July 14, to decide whether I want to exchange my shares for cash, AT&T (T Quote) stock, or some combination.

According to the information guide I received, when MediaOne agreed to merge, AT&T set aside a fixed number of shares and a fixed amount of cash to complete the merger. And if these amounts aren't sufficient, the stock and cash amounts I receive may be prorated.

To say the least, I am a bit confused as to what to do! I thought I would take the cash option. What would you suggest? ...