ViroPharma Almost There
Shire (Ticker: SHPG) received US anti-trust approval for its acquisition of ViroPharma (Ticker: VPHM). The remaining conditions are the approval from the UK OFT, which has a decision date by February 10, 2014, and the minimum tender of the shares. I’ve been playing this deal by selling the Jan 2016 45 Puts with prices ranging from $0.30 to $0.40. I kind of over did it and sold more Puts than I should have. In any case, this trade is working out after today’s news. Obviously, the risk has been significantly reduced with the US anti-trust approval. There shouldn’t be any problems with the UK OFT as the UK has generally been lenient on mergers. So I’m targeting a close after the UK OFT renders their decision.
0 Comments:
Post a Comment
<< Home