RE:RE:Moving aheadretiredcf wrote: And yet CL is up but OH is down so we can maintain that $2.00 spread. Have stopped trying to figure out the logic of this but I'm looking forward to the merger. GLTA
I have seen multiple people post about a block of CL shares from an acquisition that will be free to trade on June 1. As well you have contingent prospectus for approval for large offering os CL shares hanging out there. I believe both of these items may be holding OH back as if either hits CL shares in interim it will erode the arb spread. Only takes 15% drop in CL to eorde the entire premium.