Transalta (TA-PD.TO) – Exchange Offer – 2.7% upside
Arbitrage Trade
Upside – 2.7%
Expiration Date – Q1 2017
This idea was suggested to me by one reader of the site – it’s an arbitrage trade in Canadian preferred shares. Upside is tiny, but the deal itself is interesting – so I decided to write it up. I have a small position mainly to track how this transaction plays out.