Supermart Interest Rate Swap Trade
Supermart is in the process of purchasing a similar business based in the UK called Bigmart. They are both publically quoted entities. One is quoted on the New York Stock Exchange and the other is quoted on the London Stock Exchange. In order for Supermart to buy Bigmart, it needs to buy all the shares of Bigmart in the public market. This means that all the shareholders of Bigmart need to agree to sell their shares to Supermart.
Supermart has been working on the deal for months with the M&A team at Megabank. The deal is supposed to be a secret but the share price of Bigmart, which is traded on the London Stock Exchange, has increased over the last few months as rumors have circulated that a large US company ...
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