HF interest in a stock after the announcement of a takeover
Why would a hedge fund be interested in a stock after that company announced it was going to be acquired?
Why would a hedge fund be interested in a stock after that company announced it was going to be acquired?
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http://www.investopedia.com/terms/m/mergerarbitrage.asp
^that, and the possibility that the deal won't close BC a higher buyout price is announced by someone else (see $PATH)
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