Swiss drug giant Novartis has struck a deal to acquire France's Advanced Accelerator Applications (AAA) for $ 3.9 billion, or a nearly 50 % premium on the company's
closing share price before knowledge of the deal became public.
Not exact matches
That would represent a premium of
close to 30 % of the
price of Tribune Media
shares on Feb. 28, the day
before Reuters broke the news that Sinclair had approached Tribune Media to discuss an acquisition.
Sanofi said on Monday it would pay 45 euros per
share in cash for Ablynx, a premium of 21.2 percent over its
closing price on Friday - and more than double the
price before Novo went public with its initial offer.
Yes, Square,
priced at $ 9 a
share in November, well below the $ 15.46 a
share at which it last raised money from private investors, then traded as high as $ 13.50
before the
close of 2015.
United Technologies will pay $ 140 a
share in cash and stock, an 18 percent premium to Rockwell's
closing price last week
before news of the deal broke.
Sanofi said on Monday it would pay 45 euros per
share in cash for Ablynx, a premium of 21.2 % over its
closing price on Friday — and more than double the
price before Novo went public with its initial offer.
Nordstrom
shares are up 13.8 percent since the
closing price on June 7, the day
before the company announced the possible deal.
Shares of the grocer were trading at $ 33.06
before the deal was announced, so the deal represents a 27 % premium on its Thursday
closing price.
Stitch Fix
shares closed Friday at $ 15.15 apiece after they began trading on the Nasdaq stock exchange at $ 16.90 that morning, having
priced at $ 15 the night
before.
The merger terms represent around an 18.9 percent premium to Worldpay's
closing share price in London on July 3, a day
before the payments firm announced that it had been approached for an acquisition separately by both Vantiv and JPMorgan Chase.
The private - equity firm will pay $ 157 a
share in cash for Buffalo Wild Wings, which is 34 % above the company's
closing stock
price on November 13, the day
before Roark's initial bid of $ 150 a
share.
At Thursday's market
close, TPUB's
share price was down from about $ 8 at the time of the announcements to a $ 5.95
close Thursday, after dropping to a low of $ 5.45
before recovering some.
After
pricing higher than expected at $ 15 per
share and raising $ 138 million, the stock soared 45 percent
before closing the day $ 21.72.
TRC's offer
price of $ 77.75 per
share is approximately 4.26 percent below the
closing price per
share of Kraft Heinz's common stock on Nov. 11, 2016, the last trading day
before the commencement of the offer.
Last week Snap went public in an explosive IPO with
shares soaring 59 % in the first two days
before a selloff this week that drove the
share price down 21 % through the
close of trading Tuesday.
The market sent the stock plunging to a
closing loss of 16.5 % on Wednesday, though
shares have fully recouped their losses as of Monday and are now
priced at nearly exactly what they were
before the post-earnings drop.
An even more confident signal is given by a fixed - value offer in which sellers are assured of a stipulated market value while acquirers bear the entire cost of any decline in their
share price before closing.
A ceiling ensures that the interests of the acquirer's shareholders are not severely diluted if the
share price falls
before the deal
closes.
T - Mobile
share prices increased by as high as 7.9 percent
before settling at a 5.5 percent jump to $ 63.92 each at the
close of trading.
Dell stockholders will receive $ 13.65 in cash for each
share of Dell common stock they hold, representing a 25 % premium over Dell's
closing share price of $ 10.88 on Jan. 11, the last trading day
before rumors of a possible sale began.
The cash consideration of A$ 125 per
share represents a: • 39 per cent premium to Coal & Allied's
closing share price on 5 August 2011, which was the last trading day
before Rio Tinto's initial approach to Coal & Allied on 6 August 2011; and • 25 per cent premium to the one month volume weighted average
price of Coal & Allied
shares as at 5 August 20111
In my Marketocracy account that tracks this portfolio, my order for 1,400
shares of WFC at an average
price of $ 34.85 was filled just
before the market
closed today.
Regardless of what time you place your trade, you and everyone else who places a trade on the same day (
before the market
closes that day) receives the same
price, whether you're buying or selling
shares.
With the stock trading below my purchase
price of $ 79.79 at expiration, I'll wait until
shares climb
closer to my purchase
price before selling another round of covered calls.
The logic is that if the
shares started trading at $ 30 with 6 months
before the transaction
closes (example, and assuming that $ 30 is the deal
price), then you could sell and put the money in a high interest savings account (or T - bills) and collect risk - free interest until then, thereby coming out ahead.
Unfortunately I didn't take advantage of the spike up in
price last Wednesday and Thursday to sell
shares; I calculated, wrongly, that the spike would take place Friday, the day
before the auction
closed.
More interesting perhaps, is that the
share price has followed a pattern of alternating lower lows and lower highs every two or three years; the
share price rose after 2003 to a high of $ 35 only to fall back to the $ 14 range in 2006, then made another high in 2007
close to $ 35
before falling again to $ 6.70 during the 1st quarter of 2009, the equity nadir of the financial crisis,
before once again rising to $ 24 last year.
Despite being below my cost basis I would like to see the
price get down
closer to $ 40 per
share before I look at adding to this position.
If events materially affecting the value of a security in a Fund's portfolio, particularly foreign securities, occur after the
close of trading on a foreign market but
before a Fund
prices its
shares, the security will be valued at fair value.
I have sold 90 % of PRXI
shares in the last few days as I didn't want to jeopardize majority of my 100 % + gains on a binary event (auction of the titanic) and have kept the rest 10 % (a sort of call option) just in case they do manage to auction off the Titanic assets at a large premium (but I might sell them too
before the auction results are out if the stock
price goes anywhere
close to $ 4).
After announcing a new $ 1 billion fund to finance solar installations by commercial customers, SolarCity saw its stock
price jump 4 percent in trading Wednesday to $ 60.50 a
share before closing at $ 59.09 a
share, up 2.43 percent.
It has also significantly bumped the Tims
share price to all time highs
before the
closing, approaching $ 97 per
share at the time of this article going to press, expanding the reach of double doubles and maple dipped donuts into entirely new markets.
About 30.5 million
shares were traded
before the stock
closed 10 per cent below its opening
price at US$ 149.01.