Here is the situation: company A has stock based tender offer of company B. Each share of company B is 0.5 of those of company A. Currently, the company A is $50, and $20 for company B. The deadline of the offer is in two weeks. I want to do the following trading: buy 1000 shares of company A, sell 500 shares of company B at the same time, and accept the tender offer. Therefore, I will potentially make $5000 for the trading if the tender offer is completed. The risk is 1). If the offer is extended, my capital will be tied up there, 2). If company A cancels the tender offer, company B will drop significantly I will lose money accordingly. In this situation, what kind of legal action can I do to make company A accept my shares of company B? Any suggestion or comment?
Thanks,
Jim
Thanks,
Jim
