nah rmv, still most likely a HF looking for, now, a 7% arbitrage gain. When you are buying 5-10 million dollars worth of stock, you are looking at a FREE 800k for filling in a couple of forms. Many HF's (or arms of them) focus primarily on trades like this. Barring catastrophe a friendly T/O bid at a premium to the VWAP that needs next to no shareholder approval is a low risk deal... Yet they are getting on avg 8% gain for investing.
GDO Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
