iRobot Shows Just How Risky Investing in Mergers and Acquisitions Can Really Be
The Motley Fool
MARCH 21, 2024
There's an investment tactic on Wall Street called merger arbitrage. On the surface, merger arbitrage seems like it would be easy, but iRobot (NASDAQ: IRBT) and Spirit Airlines (NYSE: SAVE) show it can be harder than it seems. There's no such thing as a free lunch The logic behind merger arbitrage is pretty simple.
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