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Jazz Technologies Merger Arbitrage

By Dividends4Life on Sat, 2008-08-16 16:37
(via www.thediv-net.com)

Jazz Technologies (JAZ) announced on May 19, 2008 that they are being acquired by Tower Semiconductor (TSEM). As of August 13, the spread fluctuates between 6-9% or an annualized gain in the range of 40-72%.