Vocus' (VOC) #takeover bid for Amcom (AMM) should be a popular trade with hedge funds with the general rule of shorting the bidder and going long on the...
Vocus' (VOC) #takeover bid for Amcom (AMM) should be a popular trade with hedge funds with the general rule of shorting the bidder and going long on the target. #Vocus stock is down 0.8% at $5.27 while #Amcom is up 9% at $2.03. There are reasons to think the gap between the two stocks will widen in coming days/weeks. Firstly, this is an all scrip bid. Further, Vocus has nearly doubled in value over past year when Amcom is down 1%. Vocus will also need to ensure deal is sweet enough to win over Amcom shareholders given they will end up with Vocus stock and not cash.
1 topic
most popular
Equities
Is another CSL hiding on the ASX?
Sara Allen,
Livewire Markets
Equities
Jun Bei Liu: Demand couldn't be higher for this biotech
Chris Conway,
Livewire Markets
Equities
The quirky trend to add to your recession ready portfolio
Sara Allen,
Livewire Markets