Thursday, September 25, 2008

Bought Some BUD

As the Anheuser-Busch commercials say: “This Bud’s For You.” I initiated an arb position in Anheuser-Busch (Ticker: BUD) at ~ $66.29. As just about everyone knows, the company is being acquired by InBev for $70 per share. If this deal closes by year end, I’m looking at a 5.5% return or ~ 22% annualized. That’s a pretty good return for a fairly safe arb play.


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