MNO makes a tender offer for PRS at 1.5 MNO shares per PRS share. MNO was trading
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MNO makes a tender offer for PRS at 1.5 MNO shares per PRS share. MNO was trading at $40 per share prior to the announcement and fell to $38 on the announcement. PRS was trading at $40 per share prior to the announcement and is now trading at $50. If you are pursuing a merger arbitrage strategy, what is the position you would set up to create potential investment value?
Related Book For
Andersons Business Law and the Legal Environment
ISBN: 978-0324786668
21st Edition
Authors: David p. twomey, Marianne moody Jennings
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