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by rckrd 1433 days ago
This is a classic merger arbitrage spread.

[0] https://en.wikipedia.org/wiki/Risk_arbitrage
1 comments
shkkmo 1433 days ago
How do you short "Elon Musk" stock? You can only short companies the acquirer owns, not the acquirer himself, so this does not count as "merger arbitrage" under the definition you linked.
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tedunangst 1433 days ago
This is a cash merger. You buy TWTR stock.
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