Shire / AbbVie deal spread trades off by 7% ( $SHP.LN / $ABBV )

Here is the Reuters article.

While I stopped out of most of this position, the bleeding from the remaining stub still stinks.

UPDATE:  SHP.LN has recovered by half it’s overnight gap, and ABBV opened up 2% lower, so it’s not so bad.  My book is surprisingly up a wee bit today, led by a small position in GFI Group ( $GFIG ), .

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