DB to sweeten offer, but so what?
We already know that DB has to sweeten their offer somehow, or they'll end up with a bunch of shareholder suits. We're starting to hear about it already: http://www.benzinga.com/news/11/04/1001600/charlie-gasparino-reporting-potential-sweetened-offer-for-nyse-euronext-ndaq-nyx
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??