Tuesday, June 10, 2008

Getty Arb Getting Close

No, I didn't buy more Getty Images (Ticker: GYI)! In today's regulatory filing, the company listed key dates to watch out for. Today was a little road show by the company to pitch it's debt. Next week will be the shareholder vote, which I view as a non event. If everything goes to plan, which I think there's a very high probability, this deal should close in the last week of June or the second week of July at the very latest. I guess I'll start sniffing out for the next arb play.

Key Dates

June 10, 2008 Lender presentation (New York)

June 20, 2008 Shareholder Vote

June 25, 2008 Lender commitments due 5:00 pm (EDT)

Week of June 30, 2008 Comments on credit documentation due

Week of June 30 or July 7, 2008 Close and fund


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