Sun Micro: Put Spreads to Play Merger Arb? [View article]
Talks between International Business Machines Corp. and Sun Microsystems Inc. were on the verge of unraveling Sunday, threatening to undermine a potential $7 billion acquisition that would place one of Silicon Valley's iconic companies under the Big Blue umbrella - WSJ Report.
Sun Micro: Put Spreads to Play Merger Arb? [View article]
IBM lowered its intended takeover price for Sun Microsystems to between $9 and $10 a share, according to people familiar with the matter. Sun agreed to accept the lower price in return for stronger commitments from IBM that it will complete the deal despite facing intense regulatory scrutiny. The companies previously discussed a price in the range of $10 to $11 a share. The two sides continue to negotiate, and it remains unclear when they will reach a deal. - WSJ Report
Sun Micro: Put Spreads to Play Merger Arb? [View article]
Sun Micro: Put Spreads to Play Merger Arb? [View article]
Sun Micro: Put Spreads to Play Merger Arb? [View article]
Sun Micro: Put Spreads to Play Merger Arb? [View article]