In today’s briefing:
- Noodling MNACT Vs MCT Deal Risk… Even the Complications Have Complications.
Noodling MNACT Vs MCT Deal Risk… Even the Complications Have Complications.
- The MNACT/MCT deal has weird parameters which make it complicated as a risk arb situation, and as a way to think about relative value of MCT and MNACT vs Peers
- Relative buying and selling pressure changes between the two names and their peer baskets depending on a) the May vote, b) index provider discretion, and c) MCT’s price in July.
- Then it may depend on relative price movement before then too. It’s complicated.
Before it’s here, it’s on Smartkarma
