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Strategies & Market Trends : Arbitrage Plays -- Ignore unavailable to you. Want to Upgrade?

To: Keith J who wrote (118)	12/5/1999 8:12:00 AM
From: Wallace Rivers	Read Replies (2) \| Respond to of 376

How about AVDO, which is trading @ more than a 50% discount to the purchase price - which, in itself, says the deal is very iffy? A question, which may be stupid. Let's use GIBG as an example; the tender offer expires Dec. 8. You buy shares Monday, Dec. 6, you only become of record Dec. 9. How do you get paid, if the deal is finalized, if you can't tender by 12/8? As an another example, SSI. Let's say you purchase the day before the stock ceased to trade. In other words, you were trying to scalp 1/8 of a point or thereabouts. But you don't become of record until a couple of days after the stock ceases to trade, and probably about the time the cash is paid out. How was this handled?