Fools could earn a 14% return in just the next few days -- but the opportunity might not be worth the risk.
The gain would come from Clear Channel
With this week marking the debt placement deadline for the banks involved in the deal -- the deal's participants seem uncertain about the precise deadline day -- it's possible for Fools to pocket a healthy gain in almost no time flat ... but only if the deal gets done.
It turns out that the banks involved -- including Citigroup
That said, credit now is far tighter and more precious than when the deal was hatched. If the banks decide that instant loss isn't worth it, and pull out of the deal, Lee and Bain would face a $500 million breakup fee. Reckon they might then turn around and file suit against the banking group?
The gap between the current stock price and the deal's agreed-upon buyout price tells you that lots of folks question whether this buyout -- which by now has whiskers -- will ever occur. I'd therefore suggest that you not take the bait here, however tempting the prospect of making a quick buck. Instead, sit back and observe whether this transaction gets even longer in the tooth before it's consummated.
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