Update: Hubbell-Change In Trustee To Hubbell Family Trusts Has Moved Class A Shares From Steep Discount To Premium
- Trustees of Hubbell family trusts resign. External trustee appointed to oversee those trusts.
- The event makes a buyout or dual share collapse more likely but with significant gains already one could close the arbitrage trade now.
- HUB-A has moved from a 12% discount to HUB-B to a premium.
- The movement in the spread was anticipated by my previous article.