johnnysize

Kraft's Post Cereals to Merge With Ralcorp in $2.6B Deal (update)

Watch...another overplayed, overhedged exchange offer. With the volatility of the proration I believe those persons guessing how much KFT gets taken, and put back to you, and how much RAH gets given to you, will get smoked. This is the deal... I think arbs are too short RAH and too long KFT. After the announcement of prorate falls short of expectations, watch all the "pro's" chase RAH up to 60.