Tuesday, October 11, 2016

Bought: Tronc, Virgin America and NXP Semi

The M&A space are full of opportunities, but there are also plenty of land mines out there. I recently entered into a couple of high risk / high reward positions. (1) Tronc (Ticker: TRNC) (~8% position) at an average price of $17.11. All signs indicate that Gannett (Ticker: GCI) is very close to acquiring Tronc at a price of $18.50 to $19 per share. An announcement should occur shortly. (2) Virgin America (Ticker: VA) (~13% position) at an average price of $53.43. This company is being acquired by Alaska Air for $57 per share in cash. Anti-trust jitters are causing the spread to widen. Obviously I see this deal getting anti-trust approval. And finally (3) NXP Semiconductors (Ticker: NXPI) (~8% position) at an average price of $102.28. This is a perfect fit for Qualcomm (Ticker: QCOM) and can see a $120 deal getting struck. Now, just wait and see how things evolveā€¦

7 Comments:

At October 13, 2016, Anonymous Anonymous said...

NXP is incorrect symbol. Thank You.

 
At October 13, 2016, Blogger Money Turtle said...

Corrected, Thanks...

 
At October 14, 2016, Anonymous Anonymous said...

what news on LXK? is it risky now? I have fear about that news.

 
At October 17, 2016, Anonymous Anonymous said...

I need help with LXK please...

and also MWW
how is the situation now?
http://seekingalpha.com/pr/16635101-monster-worldwide-sets-record-date-mngs-proposed-consent-solicitation

is happened something and options are lower today, it's better to make succefull the deal? because I wouldn't risk line netsuite N that had the shares go down because the prices alway above the 3.40$ offered. Please help on both with your view... if you can take a look. Good yeld on options.

 
At October 17, 2016, Blogger Money Turtle said...

LXK: As far as I can see, it's on track to close by year end. Need SAFE approval for cash conversion.

MWW: Haven't followed closely, but I do recall a major holder that was against the deal. Looks like they will need to bump the price to get this deal done.

 
At October 19, 2016, Blogger luka amigo said...

Greetings admin
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At October 20, 2016, Anonymous mergerpie said...

Looks like Qualcomm is gng to bid for NXPI..great move by MT again!

 

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