Assuming the price doesn't open at 109, maybe. The deal might still fail for a variety of reasons and then you are stuck with the stock and may or may not have

Assuming the price doesn't open at 109, maybe. The deal might still fail for a variety of reasons and then you are stuck with the stock and may or may not have to take a loss. If you are new to trading, I would say step away from event driven trading strategies. Understand trading first before playing this approach.