In a press release today, Tarrant Apparel Group (TAGS) announced it is essentially being bought out by the owners of “Sunrise Acquisition Company, LLC.” The deal agreement calls for paying $0.85/sh for TAGS.
“Under the terms of the merger agreement, upon consummation of the merger [...]
UPDATE:
I still think VIGN is a takeover target, and so does The 451 Group (here’s another article by them on this topic)
Currently trading at $6.78.
As reported months ago in this article by The 451 Group, Content Management Software vendor Vignette could be a likely takeover target in the near future.
Arb Status: WATCH
Deal Stage: none yet
Not [...]
Well, DISK’s press release today does not sound good:
“Representatives of Nyx … have requested additional time to finalize its financing for the transaction. Image’s board of directors has indicated its willingness to grant this [...]
Exar Corp (EXAR) said it will aquire Hifn Inc (HIFN). In the deal, I would get either:
$4/sh ..OR..
0.3529 sh of EXAR stock and $1.60 cash
At current HIFN price of $3.87, the cash deal still looks in the money for an arbitrage (roughly 3% ROI). Mgmt says (via press release) the deal should close in [...]
I’ve decided to speculate that Yahoo and Microsoft are going to merge again. Even if they don’t, I think short term price appreciation is to be had:
New CEO looks pretty sharp.
Price level is low low low.
I think Microsoft will come back to the table for some reason or another
Even though a complete buyout has low [...]
Current trading price/sh: $6.19
From Reuters:
“Dow Jones reported that Lundbeck A/S a Danish pharmaceutical company, is interested in buying Elan Corporation, plc, the Irish Independent reported, without citing sources.” (source)
From WSJ on Feb 9:
“Elan Corp. (ELN) said Monday that Citigroup Global Markets Inc.’s strategic review of the drug company’s options will be ready in around 10 [...]
I am entering a position (for my simulated portfolio) in Image Entertainment, Inc. (DISK) today at $2.16/sh. They have a deal to be bought out by Nyx Acquisitions, Inc. (of Q-Black LLC) for $2.75/sh cash.
DISK recently said they failed to make a payment of $1.3 M on time, but today it has been reported that [...]
Since the Embarq (EQ) deal by CenturyTel (CTL) is tied to the share price of CTL, I could make a few bucks if I think CTl’s share price will rebound before the strike date (5/15/2009). Currently the deal is 1.37 shares of CTL for each EQ share owned. Right now, EQ is trading at a [...]
Tender offer extended: Exelon will continue to offer 0.485 shares of EXC for each share of NRG until Feb 25, 2009.
Also, some large shareholders are siding with NRG on not recommending selling shares to EXC at the current tender off price (more at Reuters).
“Solus Alternative Asset Management LP, a New York-based
investment adviser to two funds [...]
Roche’s announcement of a lower offer for the remaining shares of DNA makes me want to abandon this play. They (Roche) are having earnings trouble and in my opinion, this is a last gasp to try and acquire DNA while they still can get financing (and that’s already in question, as I wrote about here). [...]
