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Biotech / Medical : Cell Genesys (CEGE)

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To: ayn rand who wrote (823)3/26/2000 8:22:00 PM
From: Exacctnt   of 1298
 
north 40, I fail to see the arbitrage scenario with ABGX and CEGE stocks. Usually arbitrage has an end game, that is, a merger or acquisition between the two affected companies. In a merger or acquisition, the spread (merger or buyout price versus the market price) eventually converges to the market price of the acquirer.

What is the end game arbitrage with CEGE?

Regards
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