Thursday, February 07, 2008

More Navteq

I picked up some more Navteq @ $74.08 today as the closing date becomes clearer. Nokia (the acquirer) issued a press release stating that they will submit documents for anti trust clearance to the European regulators within 2 weeks. After the submission of the documents, there’s a 25 day waiting period for the commission to issue a decision. This puts the closing date of this merger sometime in mid March. Let’s see, ~ 5% return in a month, I’ll take it!

Oh, did you see the earnings reports from Invitrogen and Illumina? Nice beats… I would pick those up on any weakness.


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