Q: Just adding on to the last question on NBLY. Since the arrangement has been approved, would it not be a smart play to purchase shares at around the buyout price in order to have access to the CVR rights? It looks like you would get your investment returned within a week when the deal closes and you could await the result of the CVR at no cost.
5i Research Answer:
Please see this answer. The difference since then is really now the change in valuation, as the close today was $18.53, so the CVRs are already being valued marginally in the market. But there is still the possibility for 63c over a few years from a cost of 3c (plus any commission). We would still consider it a decent arbitrtage play.