Thursday, February 04, 2010

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...


At February 04, 2010, Anonymous Anonymous said...

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.

At February 05, 2010, Blogger Money Turtle said...

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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