If you were an arbitrager in Airgas hoping against the odds that the Delaware Chancery Court would provide a Christmas present, you would likely be disappointed. |
When that cover-up failed, he admitted to investigators that he had provided information to Mr. Boesky, who was then the best-known risk arbitrager, as traders who specialized in betting on takeovers were known. |
But to the arbitrager, the newly revised deal is still a winner. |
Among those implicated in the ensuing investigation were the arbitrager Ivan Boesky and the junk-bond financier Michael Milken. |
In some cases, such as a simultaneous multiple swapping of currencies, the arbitrager does not have to commit any funds, but in forward arbitrage funds have to be committed for a period of three months. |
The biggest fish he named was none other than the country's most prominent arbitrager, Ivan F. Boesky. |