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Making 8.5% in a month - The Big Easy?

Question
 
How would you like to make a quick 8.5% in a month or so?
 
Answer
 
Look no further than CIC Energy listed in Toronto (http://finance.yahoo.com/q?s=ELC.TO&ql=0). Currently trading at $ 6.84, shareholders as of Dec 8 are slated to vote on the acceptance of a buy out offer from JSW (Jindal group of India) in a special shareholder meeting on Jan 21, 2011.
 
The Discount
 
The buy out offer from JSW is at $ 7.42 per share. CIC shares trading at $ 6.84 represent a decent potential return of 8.5% for a months worth of lock in. Buy outs from Indian companies on the Toronto Stock Exchange are not that common and that could perhaps explain the lack of investor confidence in the closing of the deal. That lack of confidence of course is why there is an arbitrage opportunity.
 
Tau Capital
 
Once CIC Energy has been acquired, I hope Tau Capital http://www.taucapital.com), the folks that developed and monetized CIC Energy, will focus on taking Talon Metals Corp. to the next level. Talon seems like a good play on multiple commodities in Brazil.


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.