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VIST Financial Corp Message Board

  • ddrealist ddrealist Apr 19, 2012 11:14 AM Flag

    Merger Arbitrage position

    Dollar cost averaged in @$11.49.

    It appears all the ducks are lined up, so it's essentially a waiting period.

    Buyout is on a friendly basis, board approved, shareholders in my opinion "should" approve (there's serious doubt VIST could reclaim the higher-stock-price glory days prior to the financial crisis, TMP successfully completed the offering deal, TMP was well aware of the big bath VIST took during the last quarter in preparation of a buyout, and finally, I don't think regulators will disprove of the buyout (more then likely be best to place VIST into stronger hands - TMP).

    The profit spread is quite handsome, especially if the deal closes by third quarter.

    Thoughts? Rebuttals? Did I miss anything?

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