Friday, April 7, 2017 0 comments ++[ CLICK TO COMMENT ]++

Purchase: Syngenta (SYT)

Added more to my risk arbitrage position in Syngenta (SYT). American and more importantly, European regulators approved the buyout a few days ago and I think this deal will close (a few other countries like China and India still need to approve but they generally don't challenge such deals). There is still a spread of a few percent and I figure it is a low risk bet. I think the spread should be smaller and not sure why it still exists (there is the possibility that this deal is too big and all risk arbitrage firms are tapped out; it's also complicated by the fact that the underlying shares trade in Switzerland).

Purchase Price: $89.70

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