Benzinga's M&A Chatter for Wednesday September 19, 2012


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.


The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday September 19, 2012:Cypress Semiconductor to Acquire Ramtron for $3.10/Share

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The Deal:
Cypress Semiconductor (NASDAQ: CY) and Ramtron International (NASDAQ: RMTR) have entered into a definitive merger agreement under which Cypress will acquire all outstanding stock of Ramtron at a price of $3.10 per share in cash. The transaction, valued at approximately $109.8 million (excluding assumed debt and options and including shares previously acquired by Cypress), represents a premium of 71% to Ramtron's closing price of $1.81 per share on June 11, 2012, the day before Cypress publicly disclosed its offer for Ramtron. The Boards of Directors of both Cypress and Ramtron have approved the transaction. Ramtron International closed at $3.08 Wednesday, a gain of 7.32% on 60 times average volume.Learning Tree Gets $5.25/Share Bid from CEO

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The Offer:
Learning Tree International (NASDAQ: LTRE) announced Wednesday that its Board of Directors has received a non-binding proposal from David C. Collins, the Chairman of the Board and Chief Executive Officer of Learning Tree, and his wife, Mary C. Collins, to acquire all of the outstanding shares of Learning Tree that they do not already own for a $5.25 per-share price in cash.The Board of Directors has established a Special Committee of the Board comprised of independent directors to consider the proposal. Learning Tree closed at $5.09 Wednesday, a loss of 0.39% on 12 times average volume.Hearing Private Equity Chatter in Green MountainThe Rumor:
Green Mountain Coffee Roasters (NASDAQ: GMCR) was the subject of private equity chatter on Wednesday, according to sources. Bids in the mid-$40's are expected. Starbucks (NASDAQ: SBUX) had been mentioned previously as a possible buyer.A Green Mountain spokesperson was not available for commentGreen Mountain Coffee Roasters closed at $30.81 Wednesday, a gain of 2.84% on lower than average volume.

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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