Closed Out NDS and More Puget
I closed out all my arb position in NDS Group PLC (Ticker: NNDS) today yielding a return of 7.46% over a 2.5 week period. I rolled the proceeds from NDS Group PLC into more Puget Energy Holding (Ticker: PSD). There was some weakness in Puget Energy Holding today so I decided to take the plunge. As they say in poker, “I’m all in”. The annualized return on Puget Energy Holding is over 130% based on a Friday closing.
posted by Money Turtle @ 3:15 PM
2 comments
2 Comments:
Any thoughts? Old news, but it is all cash and in your field of interest.
Astellas $16 cash bid for CV Therapeutics, Inc.(CVTX), subsequently rejected.
Astella Offer
http://www.astellas.com/en/
CVTX Response
http://www.cvt.com/PressRelease.aspx?releaseID=1249033
CVTX Q3 Press release shedding some light on their interest in CVTX. Apparently Astellas and Texas Pacific Group have helped fund the development of a drug about to be marketed.
http://www.cvt.com/PressRelease.aspx?releaseID=1222951
Texas Pacific Group http://en.wikipedia.org/wiki/Texas_Pacific_Group
Yeah, I've been keeping an eye on this one as well as Genentech. I'm waiting for the Puget deal to close so I can redeploy the cash. What bothered me was that Astellas stated that it was their best offer. Does that mean their final offer?
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