Why Is SKS Trading At A Premium To The Deal Price?
WWD had a subscription only article on the fight over SKS. The price has gone over the takeout recently. This non-sub article has more details.
http://en.ffblogs.com/racked/intelligence-could-hudsons-bay-be-interested-in-both-neimans-and-saks/
Disclosure: I am long SKS.
Additional disclosure: Duh, I arb. I'm long and may buy or sell at any time, for any reason.
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