Benzinga's M&A Chatter for Tuesday February 12, 2013


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 Tuesday February 12, 2013:Report Harris Teeter Supermarkets Considering a Sale

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The Rumor:
Shares of Harris Teeter Supermarkets (NASDAQ: HTSI) spiked as high as $40.90 late Tuesday, as the WSJ reported the company is considering a possible sale. According to sources, Harris Teeter is working with J.P. Morgan to explore various options. Deal Reporter reported on January 22, HTSI had started a sale process.A spokesperson for Harris Teeter declined comment on the report.Harris Teeter Supermarkets closed at $39.50 Tuesday, a gain of 6.5% on 6 times average volume.Report Carlyle Group Still Pursuing Nasdaq DealThe Rumor:
Nasdaq OMX Group (NASDAQ: NDAQ) and Carlye Group (NASDAQ: CG) are still in the early stages of discussions regarding a potential $7 billion takeover, according to the

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NY Post. Reports on Monday said there had been talks which ended in January.Nasdaq OMX Group closed at $30.55 Tuesday, a gain of $0.17 on twice average volume.Analyst Note Says Dell Bid Could Go as High as $15 Per ShareThe Analyst Note:
A note from Jefferies analyst Peter Misek, said Michael Dell could raise his bid for Dell (NASDAQ: DELL) to $15 per share to appease shareholders. On Friday, Dell shareholder Southeastern Asset Management, sent a letter to the Board of Directors of Dell noting that it believes Dell's proposed go-private proposal of $13.65 per share, grossly undervalues the company.Dell closed at $13.79 Tuesday, a gain of $0.09 on lower than average volume.GE Sells Remaining 49% Stake in NBCUniversal JV to Comcast for $18.1BThe DealGE (NYSE: GE) announced Tuesday, the sale of its remaining 49% common equity interest in its joint venture with Comcast (NASDAQ: CMCSA), which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center, for $18.1 billion.Under the terms of the transaction, GE will sell its remaining 49% common equity stake in the NBCU joint venture to Comcast for $16.7 billion. GE will receive $12.0 billion in cash, $4.0 billion in Comcast guaranteed debt, and $0.7 billion of preferred stock. Additionally, GE Capital (GECC) will sell the NBCU occupied floors in 30 Rockefeller Center, and property in Englewood Cliffs, New Jersey, to NBCU affiliates for $1.4 billion in cash. The transaction has been approved by the boards of directors of GE and Comcast and remains subject to customary closing conditions, which are expected to be satisfied before the end of the first quarter of 2013.GE closed at $22.58 Tuesday, but traded as high as $23.48 after-hours. Concast closed at $38.97 Tuesday, but traded as high as $42.50 after-hours.Hearing Renewed Takeover Chatter in Chesapeake EnergyThe Rumor:
Chesapeake Energy (NYSE: CHK) was the subject of renewed takeover chatter on Tuesday. China's Sinopec reportedly was looking at acquiring Chesapeake assets, according to a report from Financial Times in June 2012.Chesapeake Energy closed at $20.01 Tuesday, a loss of $0.04 on 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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