Arbitrage 101: When Voting Has Negative Value

http://ift.tt/1AoF49b Reuters is now reporting that major investors seek the opportunity to convert their voting shares of Twenty-First Century Fox into non-voting shares, because the voting shares are trading at a discount. Faille takes Reuters’ anonymous sources at their words for the purposes of discussion. He doesn’t think these investors will get their convertibility.

via AllAboutAlpha: Hedge Fund Trends & Alternative Investment Analysis http://ift.tt/MwprHe