Has anyone tried arbitaging the A and B shares? I opened a couple of positions today at a credit of $1,900.
How long until I can close out at par? Should I be less greedy and close out at a debit?
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Does indicate chatter about a merger outside of just this message board.
Found this message in my brokerage account:
NTP@NYSE (Name: NAM TAI PROPERTY INC) is the subject of an announced merger effective 20150904.
CUSIP : G63907102
Please note, allocation from either a voluntary or mandatory merger offer will be made upon receipt from the Depository / Clearing House.
Announced merger? Where, When, Who?
We aren't anywhere near historic lows. I remember in the not too distant past when the CAD was .60 to the USD