Bought Jiayuan.com International
I spent today buying Jiayuan.com International (Ticker: DATE) (currently ~40%+ position) at an average price of $7.42 (buyout price = $7.51 taking into account of the $0.05 ADR fee). It looks the company is finally scheduled to complete the going private transaction on May 16, 2016. Yesterday, the company filed notice with NASDAQ for the termination of the ADR program effective on May 16, 2016 (click here).
posted by Money Turtle @ 3:09 PM
10 comments
10 Comments:
where is the source for the close to 16 may?
what about IM 17% yeld and LXK 10%?
Did you read the Corporate Action Announcement (the link I provided)?
Local Effective Date:
May 13, 2016.
ADS Effective Date:
May 16, 2016.
The Company has informed the Depositary that:
• The merger of FutureWorld Inc., a Cayman Islands exempted company
with limited liability (“Merger Sub”) and a wholly-owned subsidiary of
LoveWorld Inc., a Cayman Islands exempted company with limited
liability (“Parent”) with and into the Company (the “Merger”) is expected
to become effective on the Local Effective Date.
Need to do some more work on IM and LXK. Haven't had time to look at those in depth...
In other US news today
SNY files for HSR notification regarding proposed MDVN acquisition..
Is it normal to file even before both partied have agreed?
Maybe SNY is not invited to auction or SNY thinks there are no other suitors and trying to get MDVN for cheap?
what do you think? Its the first time i think i have seen HSR filing before deal approval
Thanks
Aapltrader
Regarding SNY / MDVN: It's actually common for the acquirer to file HSR in a hostile deal. This was done in the Mylan / Perrigo hostile take over attempt. It just allows the acquirer to quickly close...
Lets hope MDVN gets atleast 70..
Aapltrader
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) announced its receipt of an update from the buyer group on its proposed going private transaction. The buyer group has informed the Company that the work towards satisfying the conditions precedent under the previously announced merger agreement is progressing as expected.
I picked some QIHU today at $71.09 (~7% position)...
How long do you expect the to get the deal done considering the regulators are restricting the the currency conversions?
I would give QIHU up to 2 months to get this settled...
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