rtharp is incorrect. this is a stock deal. from the merger agreement: The exact exchange ratio will be determined by dividing $60 by the average of the reported closing sale prices per share of Northrop Grumman common stock on the New York Stock Exchange for the five consecutive trading days ending on and including the second trading day prior to the closing of the merger. The exchange ratio will not be less than 0.4348 or more than 0.5357 of a Northrop Grumman share.
ok I stand corrected. From the reports I saw it was a cash deal. It's a stock deal with limits on prices. That's different giddy up Robert
It's obvious that many here are not experienced arb players. That's OK. Learn from this one. Green Dog - over and out! It's martooni time. PS - ARB plays are very simple -- if you let them be simple. Don't know that much about the Bright boys -- but I'll bet Bob is on this one!!
at around 62.85 Not playing this pair today. Covered all intraday shorts as of 10 AM PST. Expecting a violent PM rally. (NYSE TRIN approaching 5)!