Arbitrage is profit from buying an asset in different markets at a lower price.
The merger offer is 1 Tmt share for 12 Avl shares.
Avl is at 0.028
12 x 0.028 is 0.336.
Tmt is trading at 0.26. therefore a profit of 0.076c per share if you could cash instantly.
But, in this case, the arbitrage is 5 months away when the companies are merged.
So, @willow, are you suggesting Avl will tank?
Arbitrage is profit from buying an asset in different markets at...
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