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Good Deal or Bad Deal?
Yes, it's dull, it's boring, and it's not going to be a 10 bagger. But it's also a low risk way to make 8% in less than 4 months. Why is this not a good deal, even if you take delays into account. (I've seen nothing on the deal being possibly blocked, which is the other risk.)
Nasdaq Stock Market Inc. (NDAQ), Instinet Group Inc. (INGP) Current discount: $0.44 or 8.09% Acquirer: NDAQ Target: INGP Offer per share: $5.44 cash Value of outstanding common equity: $1,878,976,000 Target share price: $5 Expected closing: Year end 2005 12/31/2005 Annualized gain: 28.18% |
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