Anyone know what the conversion value of a seat will be? How wide is the arb?
Posted by Shortz on 12/31/1969 at 03:00 PM
NYSE Seat Prices Rise 7% In Two Days, Hit Record
Thursday, November 17, 2005 - 9:00 am
What a difference two days make! With the lawsuit over the proposed Archipeligo acquisition settled, a seat on the New York Stock Exchange sold for the record price of $3.25 million on Wednesday--$225,000 more than the price on Monday (which was also a record at the time). The 1,366 members will vote on the acquisition on December 6. If passed, the seat holders would receive shares in the new company.
Seats at NYSE Hit Record [Wall Street Journal]
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