Closing Soon For IMS Health?
It looks like we’re down to the wire in the closing of IMS Health (Ticker: RX), which is being acquired for $22 in cash. The EU Competition Commission gave their approval yesterday. The only step remaining is the shareholder vote scheduled for Monday, February 8th. In theory this deal could close 2 days after the shareholder vote and I believe the market is pricing in a February closing. The stock closed today at $21.78 (+0.13 in a big down market day). The spread is now only 1%, which is way too narrow for an end of March close. So, it's looking good...
posted by Money Turtle @ 4:28 PM
2 comments
2 Comments:
thanks for the pic, this looks good, nothing fancy here, just a winner. What is next? Nokia was my latest success, no arbitrage, bought low sold high.
The simplest strategy is often the most profitable strategy. I nibbled on some new special situations plays: Hardinge, Inc and Air Gas. I've also been trading in Argon ST.
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