More WuXi Pharmatech
I added to my position in WuXi Pharmatech (Ticker: WX) today at $44.01, which makes up ~ 16% of my portfolio. My average price is $43.60 with a potential net gain of 5.40% (15.67% annualized assuming a 12/31 close). It looks like everything is on track and should see a Definitive Proxy soon. I’ll continue to build this position with the right price.
posted by Money Turtle @ 11:22 AM
10 comments
10 Comments:
please can you recapitulate which are all your position in % on risk arb / mrg play thank you
Here are my current merger arb plays: WX ~ 16% position, ALTR ~ 10.3%, AMCN ~ 3.3%, BMR ~ 4.4% and ISSI ~ 20.2%
ok perfect. I like PMCS / SWKS are you watching it? do you see any particular regulatory or other kind of risks in this deal?
Hi MT,
What is your opinion on SanDisk Corp (SNDK)?
I’m not in the deal, but I do find the potential SanDisk deal interesting. The only question / concern I have is whether Toshiba will give their blessing.
I just don't see the potential annualized return appealing for PMCS / SWKS.
BABA YOKU nice deal
can you comment techinical about this deal, is just an offer, or an agreement, just to clarify, I hadn't the time to real all news.
The BABA / YOKU is just a preliminary offer. YOKU needs to form a special committee to evaluate the offer and that can take a few months. I think you're looking at a good 6 - 9 months. These deals take time, but I wouldn't be surprised if there was a small bump in price after the conclusion of the special committee. This will certainly be on my radar, but I think it's way too early to play this deal...
LOST PMCS........ bidding war! I new this was one deal very good
Unfortunately I was not in with so much. Peanuts!!! uff......
what do you think now, can SKWS make a superior offer? or regulatory problems if MSCC is the buyer now?
I don't know... I usually stay on the sidelines when a bidding war erupts. Just too difficult for me to play at this point. Good Luck!
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