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To: Jan Robert Wolansky who wrote (25876)11/20/1997 11:33:00 PM
From: drakes353  Read Replies (1) | Respond to of 33268
 
Jan:

why do you say there was no reason for them to short prior to closing of the deal?

That really only makes sense in deals where you're buying something at a discount and will be able to immediately flip out of it at a fixed (higher) price soon after. Sell spot dear, buy forward cheap, squish 'em together and count your money. That's not what is happening here.

Noodle it through.

drakes353