all on this board I have an idea....lets move over to a board that is home to a stock that rarely has a message....IFN.......now that Yahoo as confused us all at least there we will make up te majority of messages and will be easier to find........reply if this is cool
Im not sure if anybody can see this or not but I have taken el's idea and started a thread on the MNA board so that we will be on topic. Hopefully you guys can find me and this community will live on.
Attractive spread on this deal, but I haven't seen a good estimate as to when it might close. Antitrust concerns are low.
AFAIK gaming cos require approvals by state commissions, and this can be a pain. Anyone seen any discussion of this, or care to venture a guestimate?
I’ve just stuck 12/31 on WMS for now.
It’s been quiet around here lately. What are everyone’s favorite deals?
NXY is my favorite. The risk is timing and not whether or not they close which makes the 42.6% AR to the outside date pretty nice. Even if it gets extended again you will likely catch an extra dividend which should keep the AR over 10%.
I also like RBN but am a little uncertain as to exactly how big of a problem the antitrust risk is. It seems that an agreement could be reached that would prevent the deal from collapsing so the risk is also timing. The tone of the NOV CEO on their CC made 2/19 seem more like an optimistic target than a realistic target to me. It also pays a dividend and has a large enough spread to pay you for whatever delays may come.
FMCN has a large enough upside to offset the risks. Committed financing and a lot of big names involved. I’m assuming they did better due diligence than CAT.
The HOGS spread has come in a bit but it’s still a solid enough deal given the upside. Committed financing from CDB goes a long way for me in these deals.
Reuters article this AM about how arb funds lost hundreds of millions here. Their pain=our gain. They will derisk and the muppets will pull $ from their 'safe' arb funds. Arb is a small swimming pool. Less people to share with is a good thing. We shall see how it shakes out. GLTA. AT.
What do y'all think about the valuation of Getco's deal? I read that the proforma book is $3.75, so the buyout is not at a premium to book. Assuming the merged and "reformed" company functions well, we should see a premium to book soon. And more than 50% will be paid in cash. So perhaps not a bad speculation at current market price of $3.53. It's a bit like buying into an IPO. Comments?
TEA - its deja vu all over again after DTG. Looks like its working out for longs, tho, at this point. Like to see the SEC go after the putative manipulators, but as long as you are making money, I guess it is easier to put up with it.
RBN - I put it up to uncertainty over the close date and tax related selling. Am I looking at my book thru rose colored glasses? I guess there is also the risk that the DOJ gives them a hassle (have no clue about their business overlap or what the issue is), tho they seem to keep guiding against that outcome.
MRX - It was my memory that the lawsuit was to be heard on 12/3. Maybe I am wrong. VRX CEO says its a non-issue, IIRC. All regs are done, IIRC. OCC called the adjustment. NYX delisting notice. Mgmt appointments announced. What's not to like? Someone must think that that lawsuit has legs. I dunno. Really haven't heard anything about it. Anyone else?
Got an email that the lawsuit was settled - hearing was later today I was told. Of course, this was all after that spectacular mid day rally so only 5c or so left there. Done deal, looks like.
Other than China deals and NXY the premiums are collapsing quickly.
MT you have a take on the China CPA/accounting issue? Will it allow FSIN to close since the process has begun and no sanctions yet? HOGS a bit more of a worry and in the price. I'm thinking this could stretch out for a couple years as it gets tossed across the pacific. Things could get super messy if they sanction.
On November 16, 2012, HDTMS, Inc., a wholly owned subsidiary of Hertz Global Holdings, Inc., completed its tender offer for Dollar Thrifty Automotive Group, Inc. (DTGF) Common Shares. The subsequent merger was completed on November 27, 2012. As a result, each existing DTGF Common Share will be converted into the right to receive $87.50 net cash per share.
what took so long?????