RX almost a done deal
Looks like the RX deal will go through, as the shareholders approved the merger yesterday. I’ll make a small ROI on the arbitrage.
Looks like the RX deal will go through, as the shareholders approved the merger yesterday. I’ll make a small ROI on the arbitrage.
RX said the are holding a meeting Feb 8, 2010 for a shareholder vote on the proposed acquisition by Healthcare Technology Holdings, Inc.
Source: http://ir.imshealth.com/phoen…
For details on the deal, read my post here.
Disclosure: I own shares of RX.
I bit on all three small arbitrage opportunities today and added them to my real money portfolio. ROI’s from between 3.3% to 8.7% based on today’s stock prices. My goal is to net 5% ROI combined and be out of the position within 3-4 months (for about a 20% annualized return). To see my entry [...]