The CAPA deal is done. As I mentioned here, the deal did not have much arb potential for the small money amounts I can invest (hey, I have a small bankroll). However, in my simulated portfolio, I did make a positive net on the arb play.
Entry point: 10/14/2008 @ $4.70/sh.
Exit point: 11/3/2008 @4.80/sh
ROI: [...]
UPDATED: 10/17/2008
Target: Captaris (CAPA) - Captaris Inc (CAPA) is a business automation software developer.
Buyer: Open Text Corp (OTEX) - mainly a content management software developer.
Notes:
Orig. Announced: 9/4/2008
Deal: $4.80/sh cash.
Currently trading at: $4.70
Arb spread: $0.10.
Analysis:
These numbers do not look that great to me. I will watch, but mostly ignore this one.
Backstory:
In March 2008, Captaris rejected [...]
