lowtrade

[lowtrade]

Deal signed Feb was for 32.69 a share and price is higher now. The merger delta is inverst to normal pre M&A deal completions'. Deal was approved July 17th and expected to close late 2014.


Add to that, slew of FWLT insiders exercising options and selling with chart walking out of a rising wedge. A negative sign.

Here's a link I saved about M&A's which may help one understand price action with these deals.
http://www.learningmarkets.com/how-mergers-and-acquisitions-affect-stock-prices/

I personally wouldn't be involved at this time. As the FWLT price is higher. And that happens when retail thinks there may be a higher bid, but the deal is done. So price should come back to deal value. IMO when 33.72 support falls get out. Other wise one could hope for a positive swing trade. But I doubt that happening.