The allure of betting on mergers
A niche trading strategy is proving popular—and not just because of Elon Musk
Big deals rarely happen without big personalities. If Elon Musk were an uninteresting tycoon with a low public profile and a puritanical approach to promises, then shares in Twitter, a social-media platform, would be trading within a whisker of his $54.20 per share offer. The difference, or “spread”, between this offer and Twitter’s current trading price, of below $40, is a reminder that he is not.
This article appeared in the Finance & economics section of the print edition under the headline “Sweet dealmaking”
Finance & economics July 2nd 2022
- The battle between Asia’s financial centres is heating up
- Can Europe keep the lights on this winter?
- Why inflation looks likely to stay above the pre-pandemic norm
- Inflation in America soars to 8%. Or is it more like 6%?
- The latest desperate attempt to prop up the Turkish lira
- The allure of betting on mergers
- What past market crashes have looked like
- The case for strong and silent central banks
From the July 2nd 2022 edition
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