Thursday, July 29, 2010

Sold Hardinge

Not really doing much, but just keeping a close eye on the potential Genzyme (Ticker: GENZ) + Sanofi Aventis (Ticker: SNY) deal. I did get out of my Hardinge (Ticker: HDNG) position today at $8.51so it was basically break even (gain of 0.70%). It was a busted risk arb play so I can’t complain. Now back to Genzyme + Sanofi Aventis, it looks like Sanofi Aventis has set the count down timer and will make an official bid for Genzyme within 3 days. The risk arb players are all over this one…


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