$Safehold (STAR.US)$ $Safehold (SAFE.US)$ iStar and Safehold announced the long anticipated merger.
Market reaction was all over the place in the first two trading days.
Can a merger-arbitrage play be done?
iStar Inc. and Safehold Inc. merger has been speculated on for some time. The crux of the argument has always been that one company is better than two, as for as management expenses are concerned. This got more steam after STAR unloaded a very large ...