Facebook Inc (FB) has received clearance from a European Union (EU) body for its acquisition of WhatsApp— The biggest undertaken by the social media giant in its decade-long history. The news is an unconditional win for Facebook as it can now avoid any sort of antitrust issue in 28 EU countries.
By Helix Investment Management:When a company announces that it is being bought, usually that is the end of a stock's run, since there is nothing left to drive any meaningful upside. There may be an opportunity for some merger arbitrage, but that is it. However, NYSE Euronext (NYX) is presenting investors with a unique opportunity.