bullish
Magnachip Merger Arb
SUMMARY
- Magnachip is an interesting merger arb situation with only modest downside. A Chinese firm has previously tried to acquire this for $29.
- But that was shot down by US regulators. Currently stock trades just over $15.
- I have been in and out of this stock twice already, and I think a lot of people are just fed up waiting for the company to sell itself so far.
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