Benzinga's M&A Chatter for Tuesday May 6, 2014


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 May 6, 2014:Google to Acquire Adometry

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The Deal:
Online ad attribution company, Adometry, announced Tuesday that it has been acquired by Google (NASDAQ: GOOG). Terms were not disclosed.Google closed Tuesday at $515.14, a loss of 2.50%.AOL Acquires Convertro for Approximately $101MThe Deal:
AOL (NYSE: AOL) announced Tuesday it has entered into an agreement to acquire provider of multi-touch attribution modeling technology, Convertro, for approximately $101 million. The deal includes approximately $89 million in cash, plus approximately $2 million in converted stock awards and a $10 million earn-out, payable over a period of up to 17 months based on product development milestones.AOL closed Tuesday at $43.90, a gain of $0.36.

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Xerox to Acquire ISG Holdings for $225MThe Deal:
Xerox (NYSE: XRX) announced Tuesday an agreement to acquire ISG Holdings for $225 million. ISG creates software that reviews injured workers medical bills for accuracy.Xerox closed Tuesday at $11.72, a loss of 2%. Forest Oil, Sabine Oil & Gas to MergeThe Deal:
Sabine Oil & Gas and Forest Oil (NYSE: FST) announced Tuesday an agreement under which Sabine and Forest will combine in an all-stock transaction, as a newly-formed holding company, Sabine Oil & Gas. Each share of Forest Oil common stock will be converted into 0.1 of a share of Sabine Oil & Gas common stock, having the effect of a 10:1 reverse stock split.The deal is expected to close in Q3 or Q4 of 2014.Forest Oil closed Tuesday at $2.03, a gain of 13%. FireEye to Acquire nPulse TechnologiesThe Deal:
FireEye (NASDAQ: FEYE) announced Tuesday an agreement to acquire privately held nPulse Technologies. Terms were not disclosed. The transaction is expected to close during Q2 of 2014.FireEye closed Tuesday at $37.13, a loss of almost 8% and fell another 10% after-hours as the company reported Q1 earnings.

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.


Posted In: NewsM&AMovers