A merger arbitrage lesson to learn
By Dividend Growth... on Wed, 2009-04-08 08:30
(via www.dividendgrowthinvestor.com)
The big news ON Monday was the failed merger talks between Sun Microsystems and IBM. Sun Microsystems (JAVA) lost almost 23% of its value after the news hit the street. JAVA exploded on March 17 after rumors of a potential bid by IBM made Sun’s shares 79% more expensive.
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