Chanticleer
Here’s why Link is an arbitrageur’s dream
It is a dangerous game playing the arbitrage between market prices and takeover bids, as shown by the carnage surrounding Link Administration and its bidder, Dye & Durham.
The 68 per cent collapse in the share price of Canadian cloud computing company Dye & Durham and the fall in the price of its takeover target, Link Administration, sets up a fascinating end game for Ares Capital.
It also sets up a potentially profitable opportunity for the takeover arbitrage players seeking to profit from the market’s loss of faith in Link being taken over by D&D.
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