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CVS & AT&T Risk Arb


wescobrk

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Anyone care to voice opinion on probability of CVS and AT&T deal going through for a risk arb play?

Maybe 75% for CVS and 50% for Time Warner?

 

I bought a little bit of TWX in my tax free account yesterday. Given the valuation of the FOX/DIS deal, it seems TWX's downside is limited. If the deal close, the spread is almost 20% now. If the deal does not close, TWX is trading at much lower PE compared to FOX. I had to sell/take profits on my other holding (WFC) in the tax-free account to do this though :(

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