Seems like a done deal, with closing set for March 2026.
Do You Invest in Special Situations?
I focus on event-driven trades and low risk arbitrage opportunities with short term catalysts
I focus on event-driven trades and low risk arbitrage opportunities with short term catalysts
Seems like a done deal, with closing set for March 2026.
This bizarre saga is finally nearing a turning point, and this seems to be a good moment to step in.
Several developments suggest an announcement is imminent.
Merger Arbitrage (posted at $1.73)
This is a setup with a strictly capped downside over the next 1.5 months while investors await a better offer.
Everything suggests a straightforward closing in Q1 2026.
The founder pins a low-ball offer that reads more like an opening move than a final price.
Recent precedents point clearly toward a higher offer.
Activists are already pushing back, and required shareholder approval gives them real leverage to demand a higher price.
Potential Buyout: 16% Upside (at A$38.73)