Fundtech = Done Deal

Ok, finally have a deal play that worked out… Today, S1 Corporation (Ticker: SONE) announced that they will be acquiring Fundtech (Ticker: FNDT) for 2.27 shares of S1 Corporation for each share of Fundtech. I sold all my Fundtech shares today at $20.42 and $20.44 generating a net gain of 3.27% over an 8 day period (annualized return of 147.15%). I was looking for a higher takeout price, but I’ll take it…