this will trade above the 76 take out soon on teh continued covering and then settle back in at the take out price...then higher bid rumors will come in and drive north of 76....see Dell, I play these arb deals all the tie and basically make my living doing this arbitrage gaming...just made a killing long on Dell. Will do teh same here...there is money seeking cash flow GDI has it....and this will bring 80+ when all is settled...there is no risk of the deal not getting done as shorts will claim.you can buy it right now and still makegood money....locked in 1.26 right now...no risk. Buy.
I think I may have an answer. The deal is not supposed to close until 3rd qrtr. 76 is now the top. We have to sit on this puppy for 6 more months with little or no chance of anything more than a $1 gain. My money can do better than that so might as well get the hell out now. Any reactions to this?