Benzinga's M&A Chatter for Wednesday May 1, 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 Wednesday May 1, 2013:Ebix to be Acquired by Goldman Sachs Affiliate for $20/Share in Cash

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The Deal:
Ebix announced Wednesday that it has entered into a merger agreement to be acquired by a Goldman Sachs affiliate in a transaction valued at approximately $820 million. Under the terms of the agreement, Ebix shareholders will receive $20.00 per share in cash. The transaction is expected to close in Q3 2013.Ebix closed at $20.60 Wednesday, a gain of 10.5% on almost 9 times average volume.Yahoo Ends Bid to Acquire DailymotionThe Bid Withdrawal:

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Yahoo (NASDAQ: YHOO) has ended its bid to acquire a 75% stake in France's Dailymotion video website. France's Industry Minister, Arnaud Montebourg, said he wanted the deal between Yahoo and France Telecom's Orange to be a 50-50 split.Yahoo closed at $24.30 Wednesday, a loss of 1.74% on lower than average volume.3D Systems Acquires RPDGThe Deal:
3D Systems (NYSE: DDD) announced Wednesday that it has acquired Rapid Product Development Group, a provider of on-demand additive and traditional manufacturing services.In connection with the acquisition of RPDG, 3D Systems raised its 2013 annual revenue and non-GAAP earnings per share guidance to revenue in the range of $460 million to $510 million and non-GAAP EPS in the range of $1.05 to $1.20 per share.3D Systems closed at $37.67 Wednesday, a loss of almost 1.5% on higher than average volume.Anheuser-Busch InBev Commences $9.15/Share Cash Tender Offer for Grupo Modelo Shares It Does Not Already OwnThe Tender Offer:
Anheuser-Busch InBev (NYSE: BUD) announced Wednesday that a wholly-owned subsidiary is commencing the previously announced tender offer for all outstanding shares of Grupo Modelo, not already owned by AB InBev, for $9.15 per share in cash. The tender offer will expire May 31, 2013, at 2:00 PM, Mexico City time, unless extended.Anheuser-Busch InBev closed at $94.89 Wednesday, a loss of $0.73 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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