GMCR/StJ - I wonder if that one will go through once JAB has a good look at their books? 2017 $95 puts should be right about $5 and make for a fun speculative short.
If you get nervous, you can always sell Jan $90 puts ($1.35) and, if you sell 3 months like that, the long-term short is free! Deal should take at least until April to close and still has to be voted on by shareholders, including KO, who paid $2.4Bn for 17% so this $13.9Bn buyout = KO just getting their money back (but not too bad for KO as GMCR still must feature KO products through 2025).
I think JAB is insane, of course but, these days, you can finance $14Bn at 3% over 15 years so barely $1Bn a year to buy them but still, they only make $500M a year so I predict DOOM for JAB and, more realistically, I predict DOOM for this deal - so I like the put play!
