I agree with you that ARA privatization offer is too low as I am vested closed to that price and would be making losses after commission.
However we can’t change the past. My question to you is: since the current price of ARA is $1.71 while the offer price is $1.78, so in theory, I can arbitrage and make some only on it, right?
Appreciate your thought on this matter
I wouldn’t arbitrage ARA Asset Mgt just for the 7 cents. There is always a risk the offer may not go through. In such situation, we may see ARA share price falls below its pre-offer level (i.e. $1.50). However, if you see at current price of $1.71 is good value for ARA then you may consider doing so. At current price, I certainly wouldn’t add or sell personally.
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