China Security & Surveillance Technology Receives Shareholder Approval

China Security & Surveillance Technology, Inc. (Ticker: CSR) received shareholder approval today for the management buyout offer for $6.50 in cash. The company stated that they intend to close the deal in September, which means they should close in the next few days. This was a nice merger arb play as there was lots of skepticism that the company would be able to complete the deal. If you ignore the noise from the short sellers and just read the SEC filings, you'll see that this was a fairly straight forward merger play. So I’m looking at ~ 4% return for ~ 2 week holding period (~62% annualized return assuming a September 30 close). So we’re almost there…