Totally agree etherazer This price mismatch doesn't make sense....

Totally agree etherazer

This price mismatch doesn't make sense. You can be pretty well be certain that HZN holders will agree to the merger proposal so from that angle the merger is a given. Therefore IMO there would be no reason for the market to wait for the HZN vote and subsequent court approval to rubber stamp the merger before HZN rose or ROC fell to achieve price parity. That being so it doesn't make sense for this price disparity between the ROC/ HZN relative share prices to exist unless there was doubt that the merger wouldn't happen. The arbitrage is currently 24%-25% of the HZN share price,.... if the ROC share price was rising because of the expectation that merger will succeed you would also expect the HZN price to rise to match. That leaves the elephant in the room being a takeover bid for ROC at a premium in the wings.......

I'd be interested in hearing other opinions as to why ROC would be rising and HZN isn't this close to the merger being ratified if they do not suspect a bid for ROC... does anyone expect ROC to fall / HZN to rise to close the arbitrage over the next 2 weeks as the last HZN trading day is Aug 15th?

Cheers

Dan