For those that are not readers of The DIV-Net, I just wanted to let you know that I’ve written a post on another potential merger arbitrage play. With the closing date expected to be Sept 17, those that are interested could start looking into it.
As of Aug 15, there is currently a 8.95% spread which is annualized to 72.57% but be sure to weigh up the probabilities before making any decision.
Check out the post at DIV-Net.
No position held
[tags]merger, arbitrage, special situation[/tags]