Seeking Alpha
  • fmhaynes11
    Icahn has offered $30/sh for CVI, but stock is 27.8. Anyone know why the 10% difference? Is there an opportunity here ?
    3/11/12
    Reply (3)
    • Husky Financial: same reason he never aquired clorox... its never a done deal until it is.. arbitrage here is suggesting there is strong chance it wont pass
      3/11/12
    • losbronces: Agree with HF, the level of arb is indicating that it won't happen. That much arbitrage isn't left on the table w/o a reason.
      3/11/12
    • fmhaynes11: Thanks, suspect I will watch from the sidelines. I will be called away at 25 next week and will take those winnings and watch.
      3/11/12