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" ... In any case, Slack’s existing shareholders are happy enough. And the merger arbs will likely make money even with just a 3% spread. ... "
" ... Not long ago, Allergan as a stock coasted as a fundamental buy in the eighties, even 120’s. I dunno about present $160. That's for arbs to decide. With no white knights in sight at this level, Valeant could prevail, but faces a staggered board of directors for years to come. Using a wide angle lens, big deals are sugar in the market’s bloodstream. Believe me, I rode the eighties with much brio and horsepower. ... "