![]() ![]() ![]() Ryan Ballentine and Evan Tindell met in the early 2000s at MIT, where Ballentine captained the hockey and lacrosse teams, and Tindell captained tennis as a three-time All-American. But as a case study in why purchasing Twitter stock after Musk tried to exit and the shares tanked presented a such great arbitrage opportunity, it’s fascinating to study the reasoning of the two money managers who virtually wagered their small fund on the deal’s outcome, and won big time. Shaw cleaned up when Elon Musk did a shocking about-face, and agreed to purchase Twitter at his original bid. You’ve probably read about how such big hitters as Carl Icahn’s Icahn Enterprises, Dan Loeb’s Third Point and D.E. ![]() Excerpts are below but you can read the full piece here. ![]() My colleague Shawn Tully not only got the exclusive on how much Carl Icahn has made betting on Twitter stock, but he also goes deep with a smaller investor in a new piece for Fortune, digging into the arbitrage strategy employed by the fund Bireme. But now, some real financial winners and losers are emerging. There have been gallons of ink spilled on who has ‘won’ or ‘lost’ in the drama-filled journey that is Elon Musk’s pursuit of Twitter. ![]()
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