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The Company is a corn refiners and a supplier of high-quality food ingredients and industrial products derived from wet milling and processing of corn and other starch-based materials.
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TLStockPicks (39.25) Submitted: 6/23/08 2:59 PM : Start Price: $49.58 CPO Score: -31.35
Arbitrage, eh? Looks like the upside here is about 10%, and this thing could fall the 17% it gained today if the deal gets nixed. At this price and with as little information as I have right now, I wouldn't enter with real money yet, but I don't see too strong of an opposing force that could stop the deal. Then again, I know almost nothing about agriculture stocks or Bunge/CornProduct shareholder sentiment and the likelihood of this merger going through.I posted some questions about this deal on my blog. Maybe someone will contribute a good analysis?http://caps.fool.com/Blogs/ViewPost.aspx?bpid=64367&t=01008107200910675910
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