As I’m typing, PFE is trading at 16.00 and WYE at 44.40, which is a wide 9% discount to the $48.76 deal value implied by PFE’s current price. Inasmuch as the risk of the deal not closing is small (IMO), WYE is a better buy than PFE at the current prices.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”