Friday, October 17, 2008

GEHL Another Arb play

This volatile market is providing so many opportunities to make $$$ in the arb game. I just wish I had more $$$ to invest in the arb plays. Today, I picked up some GEHL Co. (Ticker: GEHL) at $29.03. GEHL is being acquired by the French equipment maker Manitou for $30 in cash. The company received the German approval today and the company should wrap up the deal next week via the completion of the tender offer. This will be a quick 3.34% gain with minimal risk.


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