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AMC Arbitrage Traders Face Big Question: Will Preferred Equity Get Converted Into Common Stock?
Monday, February 27, 2023 - 11:36pm | 568Common shares of AMC Entertainment Holdings Inc (NYSE:AMC) closed 22.84% higher on Monday. The company will face a hearing on April 27 in a lawsuit alleging it circumvented shareholders who were against adding more shares, according to a Reuters report. Also Read: How To Short A...
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CVS Deal To Buy Oak Street At $39 Per Share Brings Arbitrage Opportunity, Says StoryTrading's Rabizadeh
Wednesday, February 8, 2023 - 8:30am | 426Healthcare giant CVS Health Corp. (NYSE: CVS) announced on Wednesday a definitive agreement to buy primary healthcare provider Oak Street Health Inc. (NYSE: OSH). What Happened: CVS said it would buy Oak Street in an all-cash deal valued at $39 per share, representing an enterprise value...
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Citigroup Passed On Alameda Research Partnership Due To Lack Of Risk Management: Report
Monday, January 2, 2023 - 10:44am | 510Banking giant Citigroup (NYSE: C) considered partnering with Alameda Research, a now-bankrupt crypto trading firm, to launch a crypto lending business in 2020, but decided against it due to concerns about the firm's lack of risk management. Austin Campbell, the former co-head of...
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Was Buying Activision Stock A 'Call Of Arbitrage Duty' For A Congressman — Or Will He Play 'Overwatch' With Regulators?
Thursday, December 22, 2022 - 1:42pm | 869A member of Congress bought a stock that is being targeted by the Federal Trade Commission (FTC). Here’s a look at the purchase and what it could mean. What Happened: One of the big storylines in 2023 could be the case between the FTC and Microsoft Corp (NASDAQ: MSFT). The issue...
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Acreage Holdings: Significant Arbitrage Opportunity If US Legalizes Says Analyst
Friday, November 12, 2021 - 9:50am | 671Vertically integrated cannabis company Acreage Holdings, Inc.(OTC: ACRDF) reported its unaudited financial results Wednesday for the third quarter of 2021, revealing a consolidated revenue of $48.2 million, representing an increase of 52% year-over-year and 9% sequentially. "At the...
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Positives And Negatives: SPACs Vs. Traditional IPOs
Sunday, February 21, 2021 - 8:02am | 694The rise of SPACs was one of the big stories for investors in 2020. Based on the record number of SPACs filed and money raised in early 2021, the trend looks primed to continue. Bank of America analyst Michael Carrier shares the positives and negatives of the SPAC market for both investors and...
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Exclusive: Accelerate CEO On SPAC Arbitrage, Why You Can't Always Bet On SPAC Sponsors
Friday, November 20, 2020 - 12:29pm | 701Julian Klymochko, the CEO and founder of Accelerate, joined Benzinga's "SPACs Attack" YouTube show to discuss the concept of SPAC arbitrage and a look at the SPAC market. About Julian Klymochko, Accelerate: Klymochko worked at Ross Smith Asset Management, BMO Capital...
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Double-Digit Upside For These 3 Arbitrage Plays
Friday, September 4, 2015 - 1:08pm | 477The M&A environment has picked up in a major way in recent years, and investors that have been lucky enough to own shares of companies that have been acquired at a premium to market price have enjoyed some major returns. However, there are three big-name deals that have yet to be completed...
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Two Highly Misunderstood ETFs
Wednesday, July 31, 2013 - 1:39pm | 800No one likes being mislead, but it does happen occasionally to ETF investors. That is not to say fund issuers are maliciously misleading investors. However, a few minutes (literally less than five minutes) of homework before buying an ETF can help investors avoid surprises. Take the example...
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M&A Heat Wave
Wednesday, September 8, 2010 - 12:31am | 494While the world was watching the ping-pong match between Dell (NASDAQ: DELL) and Hewlett Packard (NYSE: HPQ) on 3par (NYSE: PAR) (HP finally won), many other M&A deals were heating up under the radar. Take the example of Casey's General store (NASDAQ: CASY). Casey, a convenience store operator...
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Trading or Investing in Preferred Stocks (Part 2)
Wednesday, September 1, 2010 - 2:55am | 865In part 1 of this article, we discussed the importance of liquidity and premium/discount for preferred stocks. In this second part, we will discuss the different types of preferred stocks, and their ties to interest rates. 3) Types of preferred stocks Generally, there are three types of preferred...