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Five Urgent Questions, Five Succinct Answers





Comments (2)

  1. Scott Holder says:

    Louis,
    What are your current thoughts on Cooper Tire and Rubber? The Indian economic problems seem to be dragging the merger arbitrage opportunity down a bit.
    Thanks,
    Scott

    [Reply]

    Wall Street Daily Research Reply:

    Scott,

    Although the sinking value of the Indian rupee makes financing the deal more expensive, all signs point to it proceeding as planned. In fact, this morning CTB filed a proxy statement to schedule the shareholder vote to approve the merger, which is a necessary step before it can close.

    Rest assured, I’m monitoring the situation closely. Should anything change, I’ll be in touch with Wall Street Daily readers. Thanks.

    Best,

    Lou

    [Reply]

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