Best Idea in the Universe

Best Idea follow-up: ArbitrOption’s Best Idea in the Universe¬†in January was PetSmart (PETM), which had agreed to be acquired for $83 cash per share. ArbitrOption estimated the deal would be completed by the end of March, faster than the “first half of 2015” guidance provided in PetSmart’s press release. On March 6th, 2015, PETM announced¬†that…