Cubist = Done Deal
As expected, Merck (Ticker: MRK) completed its tender offer for Cubist (Ticker: CBST) today. I’m looking for the cash to hit my account by this Friday, January 23rd. My overall net gain will be 3.30% (annualized return of 38.24%). I went all in on this deal as this position comprised of ~ 60% of my portfolio. It’s not often these days that I go all in, but the odds were there in terms of the deal closing. I’ll just wait patiently for a good risk reward opportunity to present itself.
posted by Money Turtle @ 10:55 AM
2 comments
2 Comments:
have you given any thought to DRC? They have an interesting monthly 'make-whole' payment should the timing drag on...
I haven't followed DRC for a while. It is interesting, $0.55 per month starting in March. Looks like the company looking to close in the Summer (June / July?). So looking at an additional + $2.20 to $2.75. Thanks...
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