Eli Lilly has completed its tender offer for ImClone Systems.  I had this one in my simulated portfolio.  Here’s how I made out:

Entry Date: 10/10/2008

Entry Price: $65.00

Tender off price: $70.00

Deal closed: 11/24/2008

ROI: 7.69%

Annualized Return: 62.9%

Not bad!  If I had added this one to my real money port, I most likely would have been in for $2,000.  That means (not including broker fees), I would have made roughly $153.80.

My completed deals to date are located here.  My current M&A portfolio is located here.

Source:

Press release