Perrigo Company plc
PRGO
position
short
Craig Effron
Thesis
Perrigo's shareholders rejected Mylan's acquisition offer, which resulted in a significant loss for investors who were betting on the deal going through, highlighting the risks involved in merger arbitrage.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a clear timeline, it's difficult to assess whether the thesis regarding the risks of merger arbitrage played out. The rejection of the acquisition offer indicates a potential risk, but without knowing how Perrigo's stock has performed since the pitch, we cannot definitively conclude if the short thesis was successful or not.
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