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Biotech / Medical : ARRIS - Another partner
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To: David Bogdanoff who wrote (347)1/9/1998 12:30:00 AM
From: John Metcalf  Read Replies (1) of 353
 
David, Arris indicated that the merger should be completed this week. In that event, will those who bought SQNA to cover ARRS short positions be able to do so on Friday?

If so, or even if this can be done next week, the January short sales report should tell the tale of what happened. Viz., if short interest returns to 150k shares or so, we would know that the rise was due to arbitrage and not to discontent with the merger.
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