Karen Finerman feels differently. She says not all deals are the same. The most important aspect of any merger agreement, she says, are the terms which can allow a buyer out of a deal. Although the Harman deal fell apart others are more airtight.
Consequently she says the trade is Genesco (GCO) because she doesn’t feel lawyers can get out of this M&A deal. (Finish Line is buying Genesco)
Pete Najarian likes United Rentals (URI) for many of the same reasons. He too believes URI is in a deal that will go through.
Deals With Wheels
Deal: Finish Line (FINL) buying Genesco (GCO)
The trade: Buy (GCO)
Deal: Cerberus Capital Mgmt. Buying United Rentals (URI)
The trade: Buy (URI)
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Trader disclosure: On Sept. 21, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (DIS), (INTC); Najarian Is Short(GS); Finerman's Firm Owns S&P Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (COP), (GE), (GCO), (NYX), (NMX), (USG), (LTD), (WMT); Fineram's Firm And Finerman Own (HD); NBC Universal Is The Parent Company Of CNBC