LinkedIn Arbitrage Opportunity?
I noticed a strange behavior with regard to LinkedIn stock today. The stock is trading between $191 and $192. This price is a bit strange because Microsoft’s purchase price for LNKD is $196 per share. If markets behaved efficiently the current stock price should be at minimum $196. I can only find two reasons for the discounted current price. First reason, Microsoft is still waiting for regulators to approve the purchase. I can’t see a reason why regulators will block this…