Thursday, September 30, 2010

Bowne & Co. Closing Soon?

It looks like Bowne & Co (Ticker: BNE) will be closing soon. The stock is up 3.27% to $11.38 on heavy volume with no news. The takeout price is $11.50 per share by R.R. Donnelley & Sons, Co (Ticker: RRD). Looking to be a nice little payoff…

Edit: I closed out of my position in Bowne & Co. today at $11.31 generating a net gain of 1.93% (63.10% annualized gain) over an 11 day period. I’m not going to get greedy with this one.


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