All who hold SSI: called SSI IR, and was told that all that remains until proxies are mailed is SSI attorneys approving the proxy (IMHO a foregone conclusion), and printing. I was told the SEC has signed off; there is a printed date for the meeting - 17 Nov. per the preliminary. Market seemed to like it, the stock trading up 9% plus. As long as the aforementioned hold, and the financing agreement is in place (it expires 23 Nov., per my info, and with the vote scheduled for 6 days prior to this date, it looks positive), the sole remaining obstacle is the vote, which IMHO will be positive.
For those who wish to take on the risks mentioned above, an arb opportunity still exists, with the stock trading at 9 1/2 offer, the deal to be consummated at 10.25-10.39/share. |
