The acquisition of IMXI by WU at $16 a share appears to be a good opportunity for an M&A Arbitrage. Everyone here seems to neglect the teachings of Graham's core 2 value investing books (II+SA). One of these neglected subjects is M&A Arbitrage.
Holdups: Mamdani's political grandstanding has delayed regulatory approval by NYDFS.
They are the ONLY governing body who has yet to approve or no objection (51 other states + territories + international bodies have cleared)
Calculations:
Payout= $3/share (16-13)
Risk = $4/share (13-9)
Est. Timeline = 4 mo
Psuccess = 85%
CAGR = (3 x 0.85 - 4 x 0.15) / (0.33 x 13) = 45%