Level-1 Identity & Some Fundtech
Level-1 Identity Solutions, Inc. (Ticker: ID) performed nicely today, gaining 3.87%, after the release of the 8-K stating that they expect to close the deal with Safran SA within 30 days and they are making progress with CFIUS. I have a good position in Level-1 Identity and believe that there is a high probability of this deal closing within 30 days.
I also initiated a small position in Fundtech Ltd (Ticker: FNDT) today at $19.80. The company is currently in preliminary discussions regarding a merger. The company’s largest shareholder wants to sell. Analysts have floated a price around $25. We’ll see…
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