Yuanxi Zhang
Long/short equity, value, special situations

Intervest Bancshares Corp.: Confusion In Merger Consideration Creates An Attractive Opportunity

Recommendation: Long Intervest Bancshares (NASDAQ:IBCA) at $9.60

Target Price: $10.08


We believe Intervest Bancshares is an attractive merger arbitrage situation. The confusion in the merger consideration calculation leads to a mispricing of the shares at current price. ...

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