Motorola Mobility = Done Deal

Well, Google (Ticker: GOOG) finally received approval for the purchase of Motorola Mobility (Ticker: MMI) from China’s Ministry of Commerce (MOFCOM). I initiated a position in Motorola Mobility in March and added to the position throughout April. This is looking to close in the next few days. Time to start searching for some new special situations / arb plays…

Edit:

I finally got to calculating my annualized return assuming a May 22nd close (based on the 8K filing stating that the companies plan to close the deal within 2 business days). My net return will be 2.38% with an annualized return of 28.02%.