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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: AK2004 who wrote (281675)	3/24/2006 7:19:50 PM
From: Richard P.	Read Replies (1) \| Respond to of 1571399

AK, OT: I found the following arbitrage listed in the news today. Is this something a small player could do? What are the pitfalls? Wound getting in and out cost you more than it is worth? Would you play something like this? Just interested. I’ll thank you in advance. Richard 03/24 10:25 =DJ CFA Arbitrage Spreads On Pending Mergers & Acquisitions Micron Technology Inc. (MU), Lexar Media Inc. (LEXR) Current premium: $1.36 or 16.81% Acquirer: MU Target: LEXR Shares offered per share: 0.5625 share Value of offer per share: $8.09 Value of outstanding common equity: $660,042,000 Acquirer share price: $14.38 Target share price: $9.45 Expected closing: Late third quarter 9/30/2006 Annualized gain: 27.67%