...THINKING that this is a good short maybe since the bsc is basically a chap 7 stock and is just benefitting from the market pop today...what do you all think....please no posts by day7793/hedgefund2/stocktradr3...
If the deal is done why is it trading near $7 and not $2.00 It opened up around $3.50 on Monday, up over 100%.
Hmm astute. I rescind my comment. its like the microsoft-yahoo deal. its not cash but share conversion. Keep forgetting that.
rumors that the deal will not be approved and bsc will be back on open market to whomever. rumor of another bank having interest.
Its a good point. The deal hasn't been approved by shareholders yet, but it didn't read like the type of thing where they had much of a choice with all of the considerations jp was getting.