Could this price drop be by design?
I know this is an all stock deal, but if they can put down 2.6 billion instead of 3 billion on the books, is there an actual financial benefit for Sirius.
homer985 wrote "... I wouldn't be surprised if Morgan Stanley and UBS began shorting the newly registered (and borrowed) shares immediately today."
It got me thinking...
Squeezing the Arbitrage Spread
So that most small retail investors get screwed on even that play. The XMSR bid is currently lower than it's close. Maybe XMSR won't exist tomorrow. That's what cfrceo confirmed with phone calls - today was the last day for XMSR. We thought we had it bad with Fridays SP's. Now we're even worse off than Friday. We say we are believers in the product and its potential growth, the Powers That Be are making us prove it.