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
Looks like my TAGS position is still on track to pay out. Mgmt scheduled a special meeting Aug 20, 2009 to vote on the previous merger agreement with a group of investers.
I should make 18% ROI if the deal closes.
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 [...]
