I suspect YHOO may be a nice shorting oppy around $30.50 as I think the prem. won't draw any other bidders. On the other hand, MSFT shareholders may not be happy with the deal.
The prem is large enough to put some shorts out of biz so expect to see some bizarre short covering action early on - a perfect shorting oppy.
Hope it helps,
NC
would be interested to see some broker comments on the deal, especially as related to msft. thanks.
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