16% Discount?!Anyone have an idea why BED is trading at such a big discount to the takeout price?
Are there no Arbs keeping this in line? or is TWD hard to short?
The deal seems pretty solid so not quite sure why there's such a sale going on in BED. 5% you'd expect with two months to closing, 16% is pretty crazy -- If TWD falls to 1.70 by closing you still breaking even buying BED here. But TWD exploded away from 1.80 and is hanging at 2.00 so it seems like 1.70 is a good entry point. I'm buying, I'm long a bunch.. I'm really confused.