27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
(Comment on this article at http://www.financialwire.net/2010/04/30/mergers-acquisitions-13-5-million-white-electronic-shares-tendered-to-microsemi/)
April 30, 2010 (FinancialWire) -- Microsemi Corp. (NASDAQ: MSCC) has completed its tender offer, through its wholly owned subsidiary Rabbit Acquisition Corp., for all outstanding shares of White Electronic Designs Corp. (NASDAQ: WEDC).
The tender offer expired at 12: 00 midnight, New York City time, on Tuesday, April 27, 2010.
According to preliminary information provided by Computershare, the depositary for the tender offer, approximately 13.5 million shares, representing approximately 57% of White Electronic's outstanding shares, were validly tendered and not withdrawn in the offer. Rabbit Acquisition Corp. accepted all validly tendered shares.
Microsemi said it does not intend to offer a subsequent offering period in connection with the offer and expects to complete the acquisition of White Electronic as soon as practicable.
Microsemi Corp., with corporate headquarters in Irvine, California, is a leading designer, manufacturer and marketer of high performance analog and mixed-signal integrated circuits, semiconductors and RF subsystems. The company's semiconductors manage and control or regulate power, protect against transient voltage spikes and transmit, receive and amplify signals.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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