That's why on trades like this I tend to go with deep ITM leaps. Much less premium involved and adequate time to let the deal close. Leverage is a two-edged sword in buyout situations when you work with options.
Up over a buck. One aspect that I had not really considered is if the FTC was to rule against the merger or demand changes that would force RAI to pull out. In that scenario, I think LO might get hit a lot harder than RAI for one simple reason: BTI could then move to acquire RAI in its entirety. I think failure is a very low probability event, but in that scenario RAI could very well end up on top as the stock to hold... maybe that explains its relative strength recently?
Uh the vote is on the 28th. In any case, the market seems to be buying into this story. I think we may move up nicely on a positive vote.
Few employers? Haha...dDude, CCJ employs 3300 employees which is important to the local economy but far from crucial to the country. Canada has many large corporations that employ many more people than that.
@The economic relationship between China and US is far more important than anything else.@
Actually, that's not entirely accurate. Per Wikipedia "As of 2013 EU - Chinese trade makes the EU the largest trading partner of China and China the second largest trading partner of the EU."
Wow it's clear which side you're on. I, on the other hand, see evidence of thug mentality on both sides of the Ukraine... east and west.
Former duly elected president Yanukovych and parliament very likely could have avoided the loss of Crimea, breakdown in intra-Ukraine relations, and this terrible war if he had acknowledged the high importance of the issue of which side to align with - EU of CIS - by going to the population and holding a referendum on the matter. Instead, by poor governance, he has destroyed that struggling nation and created much suffering. He and the ruling government at the time should all hang their heads in shame.
OLED really sucks badly at press releases. With this announcement today, there was no excuse not to mention in at least broad terms the financial implications of the agreement. It's understandable they kept details confidential when they did the first deal with SDI to keep competitors int he dark, but there's no excuse this time.
Hmm it's up ~2% but I thought it would be more. Oh well, long-term is still been a fantastic stock for me, and the NPSP buyout is just icing on the cake.
BTC to zero... NOT
@@@@First U.S. Bitcoin Exchange Set to Open Coinbase Has Backing From the NYSE, Banks and Venture Capitalist By GREG BENSINGER Updated Jan. 25, 2015 8:50 p.m. ET The virtual currency bitcoin is getting a very real boost on Monday with the opening of the first licensed U.S. exchange. Coinbase Inc., a startup backed by $106 million from the New York Stock Exchange, banks and venture-capital firms, said its exchange will offer greater security for individuals and institutions to trade bitcoin and monitor real-time pricing of the cryptocurrency. The exchange could bring needed legitimacy to the currency, which isn’t backed by a central government and is traded over virtual exchanges, primarily overseas. Coinbase said it has insurance, offering traders some assurance that their money won’t disappear.
Rail traffic was up solidly in 2014 too. Intermodal, which competes with trucking, was up 5.2%. It will be interesting to see how it holds up with lower oil prices this year. Lower fuel costs favor trucking over intermodal. If both continue to increase then that is a sure sign economic growth is strong
@@@@@WASHINGTON, D.C. – Jan. 8, 2015 – The Association of American Railroads (AAR) today reported increased freight rail traffic for all of 2014, December and the week. Total combined traffic for 2014* on U.S. railroads was 28,673,776 carloads, containers, and trailers, up 1,233,184 units or 4.5 percent over 2013 and the highest annual total since 2007. U.S rail carloads were 15,176,835 in 2014, up 3.9 percent or 567,554 carloads over 2013 and the highest total carloads since 2008. U.S. rail intermodal volume totaled a record 13,496,941 containers and trailers in 2014, up 5.2 per cent or 665,630 units over the previous record set in 2013. In 2014, 18 of the 20 carload commodity categories tracked annually by AAR saw increases on U.S. railroads compared with 2013. Categories with gains included: grain, up 125,954 carloads or 13.5 percent; crushed stone, sand and gravel, up 122,567 carloads or 11.6 percent; petroleum and petroleum products, up 90,185 carloads or 12.7 percent; and coal, up 55,554 carloads or 1 percent. "2014 was a challenging year for America's freight railroads as they responded to traffic surges and shifts in traffic patterns," said AAR Senior Vice President of Policy and Economics, John T. Gray. "This will be another busy year as the economy continues to grow and the nation's railroads work to be responsive, flexible and efficient for their customers."
Let's see... a 79 year old suffering from dementia becomes King. Sounds like an Arab Winter Downrising ahead ie. same old same old. What a disgusting excuse for a state.
I suggested to those who wanted to keep exposure to Natpara to buy shares in SHPG. I will be surprised if SHPG does not trade significantly higher come Monday.
Correct. Accelerated expiry applies. ITM (In The Money) strikes will receive cash equal to the difference between the strike price and $46. OTM will expire worthless. Time premium across all expiry dates goes out the window... Wall Street thanks everyone for playing and have a nice day.
Do you see VGR as a takeover candidate? It would be the logical way for IMT.L to further expand their US sales market after they buy up the assets being divested by RAI-LO.
Nonsense. Go do your research before posting BS.
@@@@Shire plc (LSE: SHP, NASDAQ: SHPG) and NPS Pharmaceuticals, Inc. (NPSP) today announced that the companies have entered into a merger agreement pursuant to which Shire will acquire all the outstanding shares of NPS Pharma for $46.00 per share in cash, for a total consideration of approximately $5.2 billion.
SHPG wins. Natpara has been approved
@@@@DUBLIN, Jan. 23, 2015 /PRNewswire/ -- Shire plc (LSE: SHP, NASDAQ: SHPG) notes the announcement today by NPS Pharmaceuticals, Inc. (NPSP) that the U.S. Food and Drug Administration (FDA) has approved NATPARA® (parathyroid hormone) as an adjunct to calcium and vitamin D to control hypocalcemia in patients with hypoparathyroidism. Hypoparathyroidism is a rare endocrine disorder characterized by insufficient levels of parathyroid hormone, or PTH. NATPARA is a bioengineered replica of human PTH. NPS has previously indicated that this product is expected to be available in the second quarter of 2015. The full text of the NPS Pharma announcement was posted today on the company's website.