Arbitration play CYCL

Here is an arbitration play. It's one of those plays that you can say is almost guaranteed money.CYCL stock is being bought by ATT for $8.50 and the stock is currently trading 7.60. The purchase should closed in the 3rd quarter accourding to ATT. http://biz.yahoo.com/ap/090708/us_at...tion.html?.v=1You even add a little extra money to the trade while you wait by buying lots of 100 shares and write/selling calls against the shares. This will bring in extra income.