Expect Shareprice UpliftSince the NUU/APH deal is finalized - and depending when the closing date is expect the share price of APH to be uplifted.
Remmeber that big money is running an arbitrage on APH share price.
Sell short APH; Long NUU; and collect the pricing mismatch. As transaction closes NUU holders receive shares + cash to cover APH shorts.
Long story short - APH price will follow the market more closely now and short pressure will decline.
Those that are saying "should drop a little" know nothing about merger arbitrage.