GREY:WCSTF - Post by User
Post by
Ogopogo007on Jun 02, 2012 8:42am
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Post# 19974024
Here we go again....takeover
Here we go again....takeoverhttps://www.reuters.com/article/2012/06/01/wescast-offer-idUSL4E8H156L20120601?feedType=RSS&feedName=cyclicalConsumerGoodsSector&rpc=43
Somebody made a quick $20K profit overnight, bot 5K shares just before the close Thursday and flipped them Fri am after the news came out.
Believe the deal will get done this time, last time no deposit, this time $2M was deposited, last time the China Bank would not lend $$ on a MoU, this time it's a takeover with a lot less weasel ways not to close.
Might be some nice arbitrage here