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wtvanhest
on Feb 5, 2013
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Dell in $24 Billion Deal to Go Private
The deal is not guaranteed to close. Merger Arbitrage funds help support the price, but most stock holders are happy exiting with the upside they just gained while not risking a few pennies per share on the possibility of the deal not closing.
This is common price action during M&A.
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This is common price action during M&A.