kagame

There's Still Hope for Focus Media After Sina Acquisition

So apparently the merger shares would count against options.

So the simply play here is long FMCN, write calls. I would short SINA but its rallying harder than FMCN, there is no correlation there right now.

Why is the marker so irrational about this? Theres plenty of info out there that should allow people/funds/hedgies to buy on this misvaluation.