Since WYE shareholders are getting a set amount of cash and a percentage of a PFE share, it would seem to me that the deal will simply get worse and worse for them as each day progresses! I know that I must be missing something...
You seem to be assuming that PFE’s stock will continue to fall between now and the deal closing. On what basis do you make such assumption?
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”