From news wire:
“Clothing retailer Talbots Inc. said Monday it has amended its secured revolving loan agreement with shareholder Aeon Co. to repay all of its outstanding third-party bank debt.”
“The amendment is part of a larger plan for Talbots to merge with holding company BPW Acquisition Corp.” - AP via Yahoo
“With this satisfaction of all of [...]
RX said the are holding a meeting Feb 8, 2010 for a shareholder vote on the proposed acquisition by Healthcare Technology Holdings, Inc.
Source: http://ir.imshealth.com/phoen…
For details on the deal, read my post here.
Disclosure: I own shares of RX.
I bit on all three small arbitrage opportunities today and added them to my real money portfolio. ROI’s from between 3.3% to 8.7% based on today’s stock prices. My goal is to net 5% ROI combined and be out of the position within 3-4 months (for about a 20% annualized return). To see my entry [...]
Looks like the Sprint/Deutsche Telekom deal might not happen. I am pulling the rip cord and selling for a -14.88% ROI. Yeeks. My orginal post here where I initiated a position.
” … Deutsche Telekom AG Chief Financial Officer Timotheus Hoettges said there’s no need for further consolidation of the U.S. mobile-phone market. …”
I sold CYCL at $8.37 today. Considering the deal with AT&T is $8.50, I think I am close enough to bail (plus the deal is not 100% yet). So, I was in at $7.46. This was not a simulated position. I bought 400 shares. So, my stats on this deal were:
(400 x $7.46) + $4.50 [...]
Patriot Capital Funding Inc. (PCAP) is being bought by Prospect Capital Corp. (PSEC). Another all-stock deal. I’ll get 0.3992 shares of PSEC for each share of PCAP. It is supposed to close in October, so my money turn over on this one should be quick.
Crunch:
Buy 1 share of PCAP today (9/21/2009) for $3.89 and, when [...]
Harleysville National Corp. (HNBC) by First Niagara Financial Group (FNFG) all-stock deal. (I am not a big fan of all-stock deals). The exchange ratio is 0.474 FNFG shares for each HNBC share.
Current prices 9/21/2009: HNBC $5.63 and FNFG $13.02.
Crunch:
I buy one share of HNBC today for $5.63. The deal closes and I get 0.474 sh [...]
AT&T and CYCL both said recently that the merger deal will happen early Q4, 2009:
“… AT&T and Centennial Communications Corp. (NASDAQ: CYCL) announced today that, assuming timely satisfaction or waiver of all remaining closing conditions including receipt of the required regulatory approvals, they now anticipate the pending acquisition of Centennial by AT&T to be completed [...]
Looks like my position in TAGS paid off (press release here). (Here’s my original post on when I bought it).
I was in at $0.72. The deal was $0.85. My deal ROI was 18% (annualized ROI 35%). Not bad!
Other sources:
TradingMarkets.com article
Deutsche Telekom is chasing Sprint. No deal annouced yet, and stock gapped up today. Currently it is up 10% on the news.
“Sources said Deutsche Telekom (DT) could submit a bid for Sprint, which has a market valuation of $10.6bn (£6.3bn), within the next few weeks.” - telegraph.co.uk article
Just hazzarding a guess, I would says DT [...]
