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.
SAN DIEGO and MOON TOWNSHIP, Pa., July 29, 2013 /PRNewswire/ -- Shareholder rights attorneys at Robbins Arroyo LLP are investigating the acquisition of Michael Baker Corporation (NYSE: BKR) ("Michael Baker") by Integrated Mission Solutions, LLC ("Integrated"), an affiliate of DC Capital Partners, LLC. On July 29, 2013, the two companies announced a definitive agreement under which Integrated will acquire Michael Baker. Under the terms of the agreement, Integrated will acquire all outstanding shares of Michael Baker common stock for $40.50 per share in cash. The transaction is expected to close late in the third or early in the fourth quarter of 2013.
(Logo: http://photos.prnewswire.com/prnh/20130103/MM36754LOGO)
Is the Merger Best for Michael Baker Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board of directors at Michael Baker is undertaking a fair process to obtain maximum value and adequately compensate its shareholders in the merger.
On May 2, 2013, Michael Baker released its financial results for the first quarter of 2013, reporting an increase in net income to $5.5 million, or $0.57 per diluted share compared to $1.7 million, or $0.18 per diluted share, in the same quarter of 2012. Further, Michael Baker's board of directors declared a $0.18 per share dividend for the second quarter of 2013, representing a $.02 per share increase from the dividend paid for the first quarter of 2013. Commenting on this news, H. James McKnight, Executive Vice President and Chief Legal Officer and Michael J. Zugay, Executive Vice President and Chief Financial Officer, stated, "Overall, it is a good start to the year and we are hopeful that this favorable trend in our performance will continue".
Given these facts, Robbins Arroyo is examining Michael Baker's board of directors' decision to be acquired by Integrated now rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.
Michael Baker shareholders have the option to file a class action lawsuit to secure the best possible price for shareholders and the disclosure of material information to shareholders. Michael Baker shareholders interested in information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, ddonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsarroyo.com.
Press release link: http://www.robbinsarroyo.com/shareholders-rights-blog/michael-baker-corporation/
Attorney Advertising. Past results do not guarantee a similar outcome.
Contact:
Darnell R. Donahue
Robbins Arroyo LLP
ddonahue@robbinsarroyo.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
SOURCE Robbins Arroyo LLP
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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