hi emmalee,no you are not missing anything. the price difference just tells you that there is a possibility that the deal fails. the difference is even more striking in case of a cash buyout. for this just look at case trading at 46 cash buyout is 55 by new holland a subsidiary of fiat of italy. other example is media one (umg), where you get 30 $ + 0.95 of att (t). price of umg is 72.. at present. now do the math.
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