Under the deal terms, shareholders could choose to receive either $142.50 in cash or 0.252 shares of Broadcom stock for each VMware share.
I have questions here. Does this mean one can buy 20 shares of VMW @ $142.50 for $2850 and receive 5 shares of AVGO @ $978 , or $4890 ?
Would one have had to do that last week? As in if I buy shares tomorrow to play this arbitrage would the previous shareholder get to decide because of the 3 day settlement?
Where's the downside risk? The deal is expected to settle tomorrow isn't it?
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