The Risks of Merger Agreements

You make it sound very easy, but I'm sure every deal doesn't always go to plan. In this particular case, the risk that we're taking is the risk that the deal would be completed and the stock trades back down. You know, in the old days, they used to call the strategy risk arbitrage. Now they call it merger arbitrage. Same thing, but you are taking,. those are the risks that you take and that's what you're being rewarded for. Otherwise, you wouldn't be able to make money on these investments.