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SLS Acquisition by Open End Fund at NAV

CEF Heads Up: RiverSource LaSalle International Real Estate Fund (NYSE:SLS) to be acquired by mutual fund Columbia Real Estate Equity Fund (MUTF:CREEX) at NAV.

SLS up 8.9% on heavy volume. Current SLS NAV $9.03 share; share price $8.60--a 4.6% discount.

Is this worth a trade? Thoughts? Is this a trend?

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7407799-4870-8641&type=sect&TabIndex=2&companyid=737733&ppu=%252fdefault.aspx%253fcik%253d1392577 

Joe Eqcome


Disclosure: None
Stocks: SLS