Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Wednesday, January 9, 2008

A Bad Time to be an Arbitrageur

Pity the arbitrageur -- 2007 was probably their worst year because of failed deals.  A case in point -- the price offered for Clear Channel Communications shares in an LBO scheduled to close in March is $39.20; the stock closed yesterday at $34.01, for a spread of 15%.  WSJ, Arbs Are Wary On Takeovers.

http://lawprofessors.typepad.com/securities/2008/01/a-bad-time-to-b.html

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