In the world of merger arbitrage, some stocks are always on the watchlist. MTR Corporation is one of them.
The Hong Kong government has faced almost constant calls to buy back the 25% of the city’s mass transit railway operator that it sold in 1999.
And those voices have only grown louder in recent weeks after MTR found itself at the centre of a scandal around construction flaws on parts of the city's most expensive rail project.
For investors, this may present a fresh opportunity to build up a position in the stock in anticipation of a possible buyout.
...
¬ Haymarket Media Limited. All rights reserved.
