Breakingviews | Merger arbs

Considered view

30 Sep 2008 15:25

Big gaps, huge risks

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That’s the gap between current and offered value in a dozen big pending deals. In half, the spread is wider than 10%. But in chaotic markets, big deals – think financials or Genentech and Lonmin – may not close. It’s an opportunity, but merger arbs are having trouble playing.

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