RE:RE:RE:RE:RE:AJX ValuationThere are M&A arbitrage funds out there that will invest in situations like AJX. They buy at 74 cents and post a 1.4% return if the deal closes at 75 cents which equates to an 8.4% annualized return (assuming two months hold period). That's not great but at least its better than nothing. Of course if a sweetened offer comes in then they get additional upside and the call option is if another bidder comes in. So it's a riskless trade 95% of the time but of course if the deal unravels then loses are big. That's why M&A arbitrage strategies are often refered too as picking up nickels in front of bulldozers.