Friday, July 03, 2009

Nova Chemicals = Done Deal

Finally!!! Today, IPIC received the approval from Investment Canada to complete the acquisition of Nova Chemicals (Ticker: NCX). The deal is scheduled to close on Monday, July 6th. This initially started off as a small arb play and evolved into a big position. It'll be a nice little pay day! I'm still looking for some new risk arb plays, but there's nothing out there to get excited about. That's about it for now...


At July 04, 2009, Anonymous Anonymous said...

how about the Sun Microsystems?

At July 04, 2009, Blogger Money Turtle said...

Sun Microsystems is a decent risk arb play. If all goes well, the deal should close end of August.


Post a Comment

<< Home