Q: Good morning,
I read your response to the recent GE Election offer to exchange $100USD GE shares for $107.53USD Synchrony Financial shares and given your comment, I will likely retain my GE shares.
This being said and prior to reading your response on the GE Election Offer. I was considering the tendering of my GE shares to benefit from the 7% immediate premium, sell the Synchrony shares at the earliest opportunity to lock in as much of the 7% as possible and then buy back the GE shares at a later date, hopefully at a lower price than I tendered them for. I'm sure that if it was that simple, everyone would be doing this, but I am curious to understand and hear from you why this would not work. Thank you.
I read your response to the recent GE Election offer to exchange $100USD GE shares for $107.53USD Synchrony Financial shares and given your comment, I will likely retain my GE shares.
This being said and prior to reading your response on the GE Election Offer. I was considering the tendering of my GE shares to benefit from the 7% immediate premium, sell the Synchrony shares at the earliest opportunity to lock in as much of the 7% as possible and then buy back the GE shares at a later date, hopefully at a lower price than I tendered them for. I'm sure that if it was that simple, everyone would be doing this, but I am curious to understand and hear from you why this would not work. Thank you.