But as of now, I'm wondering to myself: "So what?" So they maybe tweak the value of the deal up from around $37 per share to $39-40. Big deal. Isn't that where we are right now? Given how long this deal will take to close, assuming it does, are we dead money for the duration? I guess I can sell 40, 41 and 42 calls and collect the dividend for a little while, or hope for a small pop when the sweetener is actually announced. But it seems to me that unless you are prepared to hold for several more years, the upside is pretty much exhausted. Thoughts??
That's pretty much the way I see it as well. I think that DB will sweeten (although still less than the ICE/ NASD offer)and NYX will argue more forcefully that NOW it's definitely the better deal . The anti trust question remains and the regulators will drag this out irregardless of the buyer.