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Message Boards Settings First Niagara Financial (FNFG) - Quote Info
HNBC Buyout      2-Oct-09 01:19 am    
FNFG is buying HNBC in what looks like a done deal...though there is always some risk of a deal falling through. At .474 FNFG shares for each HNBC share, there is a discounted way to get FNFG shares - buy HNBC if you think the deal is going to happen. That's the way I'm building my position...along with short selling FNFG puts. 211 shares of HNBC equals 100 FNFG shares if the deal happens.
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balegoba196...

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  Subject Author Rating Time of Post (ET)  
 
HNBC Buyout
balegoba196... Not rated 2-Oct-09 01:19 am  
 
I like your thought process. Here is a spreadsheet...
bwanajet Rate it 9-Oct-09 02:00 pm  
 
This seems like a great idea. Thanks to you ...
ryanpadgett Rate it 28-Oct-09 04:59 pm  
 
I think you have the tail wagging the do...
bwanajet Rate it 30-Oct-09 09:32 am  
 
With both companies' EPS reports no...
balegoba196... Rate it 30-Oct-09 10:56 am  
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First Niagara Financial Group Inc. (FNFG)

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On Nov 24: 13.29 Down 0.10 (0.75%)
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