Friday, August 22, 2008

No News, Good News

I’ve been sitting quietly waiting for my merger arb positions to close. The following deals are expected to close in September: Choice Point Systems (Ticker: CPS), SAFECO (Ticker: SAF), CHC Helicopter (Ticker: FLI) and Tumbleweed Communications (Ticker: TMWD). There may be delays since all of these deals still require some sort of regulatory approval, but so far so good. In this game, no news usually means good news.


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