When the government borrows for five years, for example, it is getting betterthanfree money: investors are paying for the privilege of lending to George Osborne, because the yield is only a tiny bit over 1% at a time when inflation is a multiple of that.
If you believe that the company is likely to continue to benefit from its synergies from the merger and is able to generate betterthan expected free cash flow, then this could potentially be a positive trade in your portfolio.