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Icahn has offered $30/sh for
, but stock is 27.8. Anyone know why the 10% difference? Is there an opportunity here ?
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
, the level of arb is indicating that it won't happen. That much arbitrage isn't left on the table w/o a reason.
Thanks, suspect I will watch from the sidelines. I will be called away at 25 next week and will take those winnings and watch.
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