arbitrage is not manipulation.
there will be multiple event driven hedge funds buying the target and shorting the acquirer. That’s literally all they do. It’s their entire business model. Totally legit.
moderately risk free.
if the deal falls over they make may take a haircut, if it goes ahead they make good money, If there’s a second shooter they could make a ton of money.
Ann: Good Oil & Gas Conference, page-199
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