Quote LOL, "Mario Gabelli has made a $multi-million ARB killing with Icahn by acquiring PBY.
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Yep, and NOW, Mario's ole ARBITRAGE division just handed this deal to Astellas on a silver platter.
IMO, tt was ole Mario that gave this the final push to get it over the top- guaranteed. Mario's algo based arb trading team took the spread and wrote the option straddles and made nothing but quick bank on this deal.
Astellas says, "Domo arigato nice Mr Gabelli", we appreciate your help, LOL !!
FANTASTIC.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.