Leh at 0.28!

CFA General
#1

Rest in peace!

#2

Why is MER only trading at $21ish? Market doesn’t think BofA will pay $29/share??

#3

kcin Wrote: ------------------------------------------------------- > Why is MER only trading at $21ish? Market doesn’t > think BofA will pay $29/share?? nope The deal is 0.8595 BAC share for 1 MER share If you take BAC @ 28.37 per share the price comes out to ~$24/share for MER So it is trading at a $3 discount. A good merger arbitrage opportunity IMO - might be wrong

#4

.8598 per bofa share

#5

Ah I see, I didn’t read the actual offer, my bad.