Re: OATS -- worth a gamble? (arbitrage bet)
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Shoe,
I think the problem was the arbitrage title you made when in fact it wasn't an arbitrage at all (and the sole reason I opened this thread since I was like "Oh Oh I know what that is..."). However, it has proved very informative. Sometimes you gotta sift through it all though.
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Technically, it is called Merger Arbitrage, but is obviously not pure arb [as Thremp noted] since there is always some low level of risk in even the easiest deal [which this was not.]
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