The merger arb is a pair trade, long SZL and short Z1P. Given the tight supply of borrow for Z1P, you're looking north of 5% annualised to borrow Z1P and given the deal doesn't close until at least November, that's best part of 4% borrow cost or nearly 8cps. Still an opportunity, but skinnier margin for error if the deal breaks.
The merger arb is a pair trade, long SZL and short Z1P. Given...
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Last
$1.69 |
Change
0.000(0.00%) |
Mkt cap ! $1.904B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2750 | $1.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 8053 | 1 |
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| Last trade - 10.00am 05/07/2024 (20 minute delay) ? |
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