Benzinga's M&A Chatter for Tuesday July 29, 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 July 29, 2014:Blackberry to Acquire Secusmart

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The Deal:
BlackBerry (NASDAQ: BBRY) has agreed to acquire Secusmart, which develops and implements comprehensive anti-eavesdropping solutions. Terms of the deal were not disclosed. BlackBerry shares closed Tuesday at $9.51, a loss 4.5%.Hearing Unconfirmed Takeover Chatter in RF Micro Devices, Texas Instruments Rumored Bidder $14-$15 RangeThe Rumor:

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Shares of RF Micro Devices (NASDAQ: RFMD) moved steadily higher Tuesday morning, on unconfirmed market chatter that Texas Instruments (NASDAQ: TXN) could bid $14 to $15 per share for the manufacturer of high-performance semiconductor components. RF Micro Devices announced a deal to acquire TriQuint SemiConductor on February 24 for $9.73 per share.Spokespersons for the companies were not available for comment.RF Micro Devices shares closed Tuesday at $11.38, a gain of more than 4%.XPO Logistics to Acquire New Breed Logistics for $615MThe Deal:
XPO Logistics (NYSE: XPO) announced Tuesday, that it has entered into a definitive agreement to acquire New Breed Holding Company, the preeminent U.S. provider of non-asset based, complex, technology-enabled contract logistics for blue chip customers. The purchase price is $615 million.The deal is expected to close in Q3 2014.XPO Logistics closed Tuesday at $26.03, and traded over $27.00 after hours, following the company's Q2 earnings report.AmREIT Rejects $22.00/Share Offer from Regency CentersThe Rejection:
AmREIT (NYSE: AMRE) announced Tuesday, that its Board of Directors has rejected the previously announced unsolicited and conditional proposal by Regency Centers Corporation (NYSE: REG) of $22.00 per share. The proposal was received on July 10. The Board has decided to explore strategic alternatives.AmREIT shares closed Tuesday at $23.32, a loss of $0.12.

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: NewsRumorsM&AMovers