screw DISK, those guys have been trying to make a transaction happen for the last 2 yrs, it looks pretty but the way their handling it is anything but.
I'd rather take the PBKS arbitrage position and boost it using options. I think the market is expecting a higher bid I guess, but there's clear disconnect between the stock market and the options market!
With MTB already scheduling plans, it looks like a done deal - 8%+ return in 2 months is nothing to complain about-
Selecting 2009 Merger Arbitrages Carefully [View article]
I'd rather take the PBKS arbitrage position and boost it using options. I think the market is expecting a higher bid I guess, but there's clear disconnect between the stock market and the options market!
With MTB already scheduling plans, it looks like a done deal - 8%+ return in 2 months is nothing to complain about-
A Comparison of M&A Activity During Bull and Bear markets [View article]
you can bump that up to about 9% yield in 2 months if you employ the right strategy!