Tendered Inhibitex

I tendered my Inhibitex (Ticker: INHX) shares today. I’m going sit back and wait for the cash. I don’t see any compelling risk arb opportunities right now. I’ve pretty much made my year with the Pharmasset and Inhibitex plays. I went “all in” in both deals as I saw the risk reward to be very favorable. Inhibitex was truly a gift…