Tag Archives: Baxter Split off

Baxter International (BAX) – Split-off Transaction – $335 upside (update)

A quick update

Exchange rate for BAX/BXLT split off transaction (see here for further info) has been determined at 1.1591. To lock in profit from this transaction one needs to buy 99 BAX, short sell 115 BXLT and then tender BAX shares till tomorrow (18th of May).

Baxter International (BAX) – Split-off Transaction – $320 upside

Current Price – BAX $43.32, BXLT $41.38;

Offer Price – $1.0752 stock of BXLT for $1 stock of BAX (subject to upper limit of 1.4026 BXLT shares per share of BAX);

Upside – 7.5% or $320 for Odd Lot holders;

Expiration date – May 18, 2016;