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Non-Tech : E*Trade (NYSE:ET)
ET 16.71+1.7%12:59 PM EST
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To: WhySoSoon who wrote (7230)6/17/1999 4:24:00 PM
From: Nandu  Read Replies (2) of 13953
 
IW, assume one can convert TBFC shares to EGRP now instead of waiting for the deal to be finalized [this is essentially what arbitrageurs do, shorting EGRP against TBFC]. If you buy 100 TBFC shares at 33, convert them to 105 EGRP shares and sell them at 35, how much profit do you have? Is that closer to 10% or 1%?

Anybody knows how long this deal could take to finalize? Three months?
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