Farallon Capital Management, an investment company that specializes in risk arbitrage, has made significant long and short positions at MCI Communications and British Telecommunications, respectively, in the hope that the proposed merger of these companies will be successfully completed. Raises questions facing Farallon both positive and negative experiences of becoming unfold. Provides a rich understanding of the institutional merger arbitrage and its function in the capital markets. "Hide
by Andre F. Perold, Robert Howard Source: Harvard Business School 3 pages. Publication Date: 06 Oct 1998. Prod. #: 299022-PDF-ENG
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