Mar. 21 at 1:45 PM
$CCRN Think this is a legit arbitrage play. The stock seems to be down based on a second request from the FTC and the annual report. The data on second requests is scary at first: some 75% of proposed mergers get restructured or abandoned. But both sides seem committed here, management knows each other (John Martins worked at Aya). Hard end date is December for the deal to go through. Better than 25% annualized returns are on the table
