RE:RE:RE:tC - TGZ and EDV
Talking to myself now. What happens if one holds a short position in TGZ - is that position automatically converted over to EDV shares. I have found any conclusive direction on that. anyway, the only reason for abritrage opportunities on mergers is if there is a risk of it not going through. I don't see that at all here - unlike semafo because of regulatory issues (semafor was always trading at a discount). TGZ and EDV trade - on average - exactly the same. moments either way but as said, the buying/selling will cause price changes. as i have mentioned before, i've gone to hit the "ask" on EDV on 2 occassions before only to have that order "disappear" or "front runned" by an automated process - and no other reason other my order was somehow visible coming through. i can't believe that's legal.
tC