CSRE closing set for August 12.
CSRE has returned 2.6% over a 9.5 month period since the date announced.
GBP has declined 2.3% against the US dollar.
S&P 500 has risen 13% over the same period.
A relatively poor return by any measure.
When the deal could close any day now at 36 x 1.55
or $55.80, $2 above the last sale.
You have to pity anyone who hedged sterling at a much lower level. They've lost a large chunk of their investment here!