Buying shares of DISCK and shorting an equivalent dollar amount of DISCA could be attractive to relative value investors as a low-risk trade given current levels and the expectation that management is likely to be back in the market repurchasing DISCK shares as early as the first or second quarter of next year.
Whipsawed by political developments in Ontario, embattled Hydro One Ltd. is pondering its next move and whether the Toronto-based energy company can salvage its $5.3 billion plan to acquire Spokane-based utility Avista Corporation after Washington state regulators went against a commission staff recommendation and rejected the transaction.
An attorney who does work for Fresenius but is not involved in the pending deal said “soft requests” regarding the NxStage/Fresenius consent have been sent to third parties in response to additional questions from commissioners.
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