02/28/11
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The ArbitrOption Strategy in Action

On February 22, 2011, Clinical Data, Inc. (CLDA) announced it had agreed to be acquired by Forest Laboratores, Inc. for $30 cash per share plus a contingent value right worth as much as $6. The acquisition in the biotechnology sector is structured as a cash tender offer that’s subject to a minimum tender of approximately 78.8%…