Post by
Miran on Apr 28, 2015 11:35am
If the deal closed today and you got YRI shares
If you were to sell your YRI as soon you received them your MGP shares would be worth.
YRI@ 4.90
4.9*.02092+.001=
10.035 CENTS!!!
and it's trading @ 9.5 CENTS
Comment by
hrattle on Apr 28, 2015 1:11pm
Right now you can short YRI at $4.88 and buy MGP at $0.10. This gives an arbitrage of $0.11 per share, taking into account the tiny risk, time value of money and shorting costs and there is no sense in doing this. Anyone buying MGP is likely hoping for another higher offer.