PENN- why the huge discount?

Discussion in 'Stocks' started by Mvic, May 28, 2008.

  1. Mvic

    Mvic

    Trading at 44.44 with cash buyout set to close June 15th at $67? 22% arb what don't we know?
     
    #1     May 28, 2008
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  2. uptik2000

    uptik2000

    Lots of talk about renegotiating the deal.
     
    #2     May 28, 2008
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  3. uptik2000

    uptik2000

    Deal off.
     
    #3     Jul 3, 2008
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