A quick google comes up with many similar announcements for this fund in relation to TOs
MM Asset Management Inc. is a privately owned hedge fund sponsor. The firm provides its services to institutional and wealthy individual clients. It invests in the public equity markets of Canada. The firm employs event-driven strategy to make its investments. It was formerly known as Mmcap Asset Management. MM Asset Management is based in Toronto, Canada.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=39351153
My guess is looking for a quick buck with a guaranteed 8.26%, but maybe better, for a few weeks work.
A quick google comes up with many similar announcements for this...
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