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First Bancorp of Indiana (FBEI): Arbitrage Opportunity

In Arbitrage, Security Analysis on March 4, 2008 at 9:42 pm

First Bancorp of Indiana will soon conduct a going private transaction. Buying 299 or fewer shares at the current quote will yield a 13%+ return (around 50% annualized, depending on the expediency of management, transfer agents, et cetera). Risk of deal failure is nil because the transaction is not subject to shareholder approval. You must request stock certificates from your broker in order to be cashed out, as only shareholders of record can partake.

  1. [...] FBEI (Arbitrage) +13% Annualized +80% [...]

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