The shorts will have to cover fast, because the new directors at Freds will do their jobs, and as the FTC is waiting for a third member on the commission, that appointment will come any day from the Trump Administration. The merger makes sense, and it is going to happen. It's like three cars at a stop because a crossing guard has asked them to wait for the all-clear: Then they proceed.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.