WARNING their is some risk but the likelyhood of this happening are slim.
THIS IS NOT A RECOMMENDATION to make the trade, but pointing it out as a possible strategy/trade in this volatile market.
For every 1000 OXR short sold you buy 1539 AGC shares.
1 OXR short sold is current 2.76, 1 AGC bought is 1.755. At 0.65 OXR shares for each AGC, you are in effect paying 2.70 to get the OXR share.
The can be done either in the physical market or via CFD's
-OXR fails to get 90% control of AGC and are unable to forcibly acquire AGC
-A counter bid for AGC (which would be good for AGC stock but possibly even better for OXR to not get control)
What it really comes down to is will OXR successfully get control of AGC, without having to increase bid.
Normallly hedge funds, abritrage players would be all over this type of trade and the spread would narrow but seems they are all in hiding.
Maybe someone can point out another risks that I may be missing here?
I am long OXR