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No. of Recommendations: 5
With deal being approved, deal spread shrank mightily to 16.8% earlier today. I put on a long S short TMUS arb trade [it's a stock deal natch] and am up 1.3% today even as the market fell.

Spread is still 14-15%, of course deal could be renegotiated but TMUS Counsel said they had no wish to 'delay' the merger, for obvious reasons.

Even a 5-8% repricing you're still making good money here.

Of course, no merger arb is risk-free!
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