ESRX announced a friendly acquisition of MHS for $28.80 in cash and .81 shares of ESRX for each MHS shares. On the initial announcement the premium, using the 7/20 close, was about 28% for MHS shareholders. The trade is for every 1000 shares of MHS you buy, you short 810 shares of ESRX. With current prices by buying MHS shares @$64.41 and shorting .81 shares of ESRX @$55.98 a trader can lock…
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