great arbitrage opportunity, page-6

Really can't see the deal falling through. Dexion is a down the line company, cashflow matches profits etc. GUD is a massive industrial who I can't see pulling out on a whim. They would lose serious credibility pulling out just because the market tanked, and it's not that big a deal for them anyway.

The share price, I think, is a function of a bad day in the market, and a knee jerk disbelief at a 100% premium. Also the serious arbs may not fancy this one because its so small, but for the ordinary punter I think it's a good bet.