Not an arbitrage opp, but more like a long term roll of the dice… you get 7-year stock warrants on this one! Wait… what?
Frontier Financial Corporation (NASDAQ: FTBK) is to be acquired by Acquisition Holdings, Inc. (NYSE Amex: DSP) (”SPAH”). The deal is 0.053 shares of DSP stock (currently trading at $9.73 on July 31, [...]
Since the Embarq (EQ) deal by CenturyTel (CTL) is tied to the share price of CTL, I could make a few bucks if I think CTl’s share price will rebound before the strike date (5/15/2009). Currently the deal is 1.37 shares of CTL for each EQ share owned. Right now, EQ is trading at a [...]
Abbott said it is buying Advanced Medical Optics (EYE) for $22/sh. EYE’s shares jumped from $8.85 on Friday to a current $21.44 today. Not much of an arbitrage scenario here, but I’ll keep an eye on it.
RE: Rohm & Haas Co. (ROH) by Dow Chemical Co. (DOW)
Acquirer: DOW
Target: ROH
Offer per share: $78 cash
Target share price: $56.76
Expected closing: 1/15/2009
ROI: 37.42%
Annualized gain: off the charts
The reason for the huge gap is the dumping of the Kuwait/DOW partnership this past weekend. Many feel the deal for ROH will get cancelled, since DOW was counting [...]
