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News Corp Withdraws BSkyB Deal, Merger Arbs Crushed?
From Sky News: News Corporation has withdrawn its bid for BSkyB, Sky News City editor Mark Kleinman has exclusively revealed.
And here is Goldman destroying value for everyone by desperately trying to preserve a few key merger arb clients (full list coming shortly).
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Any merger arb still with that trade on the pad this morning derverves to be crushed. This isnt a surprise , the UK politicians are like any politician : their antennae for public opinion is well tuned and they will always overeact to satisfy public opinion IN THE SHORT TERM.
(Murdoch couldnt fight this one , the pressure for the deal to be blocked was strong so was just a matter of time before the cockroach scuttled off)
Poor Rupy. He's really down on his luck these days. We should all hold a vigil for him and his sucker investors.
I'll bring the keg.
Make it a powder keg and you're on!
The fall from grace can be far, especially as Goldman steals your wallet, while you're on the way down.
it's hard to be mortal
Oh for a papertrail to link that maggot Murdoch to the Royal phone hacking and get the bugger up on a treason charge..
Hey -- maybe some of these arb losers might put another sort of contract out ?