This week's Barron's highlights the widening spreads of announced takeover deals. Two deals scheduled to close Jan 31st offer attrative spreads and could be a great place to put extra cash:
Clear Channel (CCU):
11/23 market close price - 33.68
1/31/2007 takeover price - 39.20
spread - 5.52 per share
potential holding period return - 16.4%
Harrah's (HET):
11/23 market close price - 87.14
1/31/2007 takeover price - 90.00
spread - 2.86 per share
potential holding period return - 3.3%
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