Quote:
Originally Posted by opendoor
You also get cash instantly if you sold Twitter today, whereas it can take up to a few weeks to get paid after trading is halted. So even if the deal was 100% guaranteed to go through, giving up 10-20 cents of share price to get your money now can make sense if you have somewhere else to deploy your cash in the interim.
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That timeframe isn't likely to be the case for the majority of arb investors who would have quality prime brokerage. Retail investors, sure.