Tuesday, December 30, 2008

Puget Energy = Almost Done Deal

Well, it looks like the wait is over for Puget Energy (Ticker: PSD). After the market close, the State regulators finally approved the sale of Puget Energy. Now the acquiring company has ~ 2 weeks to close this deal. I should see the $30 per share in two weeks.

4 Comments:

At December 31, 2008, Blogger Ra'uf said...

Why do you think PSD is still trading relatively low $27.38 as of this writing after being up to almost $28?

 
At January 01, 2009, Blogger Money Turtle said...

There's probably some risk premium priced in due to financing concerns, which I don't think is valid.

 
At January 02, 2009, Blogger gotigers99 said...

how do you feel about this potential merger arb play:

Castle Point - "CPHL"
being acquired by Tower Group?

 
At January 02, 2009, Blogger Money Turtle said...

I haven't followed the Castle Point merger story so I can't comment at all on it. Good Luck if you're playing that one.

 

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