Q: With the NBLY share price below the "take private" offer, is there some reasonably low risk arbitrage here?
5i Research Answer:
We think the odds of a higher bid are quite low, but less than zero. Conditions to closing are minimal, and we would consider it a decent, lower-risk arbitrage. The main risk is regulatory, but we do not see much of an issue there since the buyer already fully controls the company through 50%+ ownership.