CLOSING LONG SAB TRADING CALL
Today ABI deal has been approved by SAB LN shareholders – 95.46% in faovur (scheme) 97.4% (court).
With deal officially approved, we are closing our trading buy for 7.7% profit.
Monday • 23 May 2016 • 11:16
I think SAB is a buy here as well it is the most compelling risk arb trade out there.
Trading at a 5/6% discount and you collect the dividend as an added sweeter if they don’t complete the deal by 11th August, you get the dividend.
We have done extensive work on the anti trust issues and we see the deal completing from here with no issues.