Puget Energy = Almost Done Deal
Well, it looks like the wait is over for Puget Energy (Ticker: PSD). After the market close, the State regulators finally approved the sale of Puget Energy. Now the acquiring company has ~ 2 weeks to close this deal. I should see the $30 per share in two weeks.
posted by Money Turtle @ 10:24 PM
4 comments
4 Comments:
Why do you think PSD is still trading relatively low $27.38 as of this writing after being up to almost $28?
There's probably some risk premium priced in due to financing concerns, which I don't think is valid.
how do you feel about this potential merger arb play:
Castle Point - "CPHL"
being acquired by Tower Group?
I haven't followed the Castle Point merger story so I can't comment at all on it. Good Luck if you're playing that one.
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