Nice move noomxx. The arbirtrage opportunity exists because there is a risk the merger does not go ahead which might result in PDL going back to the low 4s that it was pre-merger. Albeit risk is low due to the "friendly" nature of the merger.
Not exactly a good comparison but I remember many hedge funds getting caught wrong footed when BHP terminated its hostile takeover bid for RIO and they were sitting on a long RIO and short BHP position a few moons ago.
Will we see any directors buys ?, page-38
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Last
$19.23 |
Change
-0.010(0.05%) |
Mkt cap ! $2.198B | |||
| Open | High | Low | Value | Volume |
| $19.31 | $19.31 | $19.23 | $67.47K | 3.501K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 128 | $19.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.24 | 34 | 4 |
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| Last trade - 10.12am 11/09/2024 (20 minute delay) ? |
| PPT (ASX) Chart |