Arbitrage Plays Message Board

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Strategies & Market Trends : Arbitrage Plays

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To: Wallace Rivers who wrote (367)	7/3/2003 12:12:59 PM
From: Gulo	of 376

GLE on Toronto is merging with QTWW on Nasdaq. QTWW is trading at US$2.73, which is about CDN$3.68. The exchange ratio at the current price is about 1:1, making GLE worth $3.60+. If QTWW trades much above US$3, the ratio can drop to as low as 0.8 QTWW:GLE (in which case GLE will still be worth well over CDN$3). GLE is trading at CDN$2.70. -g

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