Benzinga's M&A Chatter for Friday June 7, 2013


27% profits every 20 days?

This is what Nic Chahine averages with his options 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 Friday June 7, 2013:Royalty Pharma Raises Bid for Elan to $13.00/Share in Cash Plus CVRThe Offer:
Royalty Pharma announced Friday it intends to raise its offer to acquire Elan Corporation (NYSE: ELN) to $13.00 per share in cash plus a contingent value right of up to $2.50 per share. The CVR allows participation in the future upside of Tysabri, including approval in secondary progressive multiple sclerosis and the achievement of certain sales milestones.Elan's Board acknowledged receipt of the offer and urged shareholders to take no action at this time.Elan Corporation closed at $13.44 Friday, a gain of 6% on 4 times average volume. Liberty Global Completes $24B Acquisition of Virgin MediaThe Deal:
Liberty Global (NASDAQ: LBTYA) announced Friday that it has completed its acquisition of Virgin Media (NASDAQ: VMED) in a $24 billion stock and cash deal.Virgin Media ceased trading at the market close on June 7, 2013.Virgin Media closed at $51.00 Friday, a gain of $1.36 on twice average volume.

27% profits every 20 days?

This is what Nic Chahine averages with his options 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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