In today’s briefing:
- Falcon Oil & Gas Merger with TBN: High-Risk Arbitrage Opportunity Amid Borrow Concerns and Tax Implications
Falcon Oil & Gas Merger with TBN: High-Risk Arbitrage Opportunity Amid Borrow Concerns and Tax Implications
- Falcon Oil & Gas agreed to sell its assets to TBN, distributing TBN shares to shareholders at 0.00687 ratio.
- The merger’s spread fluctuates due to hedging concerns and potential TBN stock decline to pre-announcement levels.
- Lamesa Holdings’ shares are excluded from distribution due to sanctions, affecting the stock exchange ratio calculation.
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