Constellation Energy Group, Inc. (NYSE:CEG)

secretbonus (< 20) Submitted: 8/10/2011 12:12:15 PM : Start Price: $37.26 CEG Score: -11.62

This one is a no brainer. A chance to purchase EXC via mergers+acquisition of CEG. While the discount isn't very significant, you still get a great company in EXC at an 8% discount here by the end of Jan 2012. You can short EXC if you want to lock in the arbitrage price, but personally I would rather buy EXC here as well so I would not want to short CEG. As strictly an arbitrage play there are better plays out there, so instead purchase EXC at a discount this way... And even if the deal doesn't go through, CEG is still fairly valued to slightly undervalued here anyways.