Peculiar Red Nova V838 Mon: Accretion and Interaction in a Wide Binary   System after Explosion of Its Companion
  We report the results of recent multicolor photometry and medium resolution spectroscopy of V838 Mon taken in 2007-2008. In the eclipse-like event in December 2006, the hot B3V type companion disappeared. The event accompanied by strengthening emission [FeII]/FeII lines in the spectra. We explain this event as the formation of temporal short-lived accretion disc around the hot companion. Later, in February 2007 the hot star reappeared in its full brightness, but disappeared again for a long time since September 2007. This is the engulf of B3V companion by expanding remnant of 2002 outburst. We assume that the thick accretion disc has formed around B type companion which is moving now inside the envelope of the cool star. There is some evidence of heating this disc and/or cool star envelope. We estimated the radius of expanding cool remnant in December, 2006 of about 150 A.U. or 30000 solar radii. 
Vitaly Goranskij, Alla Zharova, Elena Barsukova, Sergei Fabrika, and   Azamat Valeev