Uptrending Equity
Finding outstanding trades utilizing any asset class or strategy
Wednesday, August 4, 2010
LIA/PRS.MC arb no longer as sweet
Deal terms from what I posted about earlier at
Uptrending Equity: Obscure merger arb
have changed today to this:
http://www.sec.gov/Archives/edgar/data/1407539/000095012310072305/g24242exv99w1.htm
I don't have time right now to figure out if there is any arb remaining under these terms. However, the price action of LIA would tell me to be out of at least the short LIA leg of the trade for now.
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