Am I correct in thinking Morgan Stanley is shorting MET...........
https://www.nzx.com/announcements/350682
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Am I correct in thinking Morgan Stanley is shorting MET...........
https://www.nzx.com/announcements/350682
Looks like it :
http://nzx-prod-s7fsd7f98s.s3-websit...938/319954.pdf
2.3m sold and still, 29.77m potential shares to go with UBS.
http://nzx-prod-s7fsd7f98s.s3-websit...908/319918.pdf
Mitsubishi UFJ - 9.89m shares to go.
One of those arbitrage deals gone wrong but they are big boys and in the backwash of stocks out there taking 40% to 75% hammering, will get lost in the rounding differences.
https://www.afr.com/street-talk/deal...0200407-p54hq5
The takeover is officially off folks.
Metlife a bit naughty they tried to claim it 'has to go ahead' all this time.
"The MAC clause allowed EQT to walk away from the transaction without incurring any break fees."
Hope they put something out to the market in next hour