Shares of Chiquita Brands International Inc. (NYSE: CQB) are up sharply on Thursday following an announcement from Brazilian firms Cutrale-Safra.
Cutrale-Safra announced that they have raised their definitive offer to acquire all of the outstanding stock of Chiquita Brands International from $14 per share to $14.50 per share; representing a 4% increase. The $14.50 per share offer values the company at $742 million.
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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Cutrale-Safra first entered the bidding for Chiquita in August with a bid valued at $666 million, or $13 a share. Chiquita's board has rejected both of Cutrale-Safra's previous bids as too low.
Cutrale-Safra’s takeover bid will remain open until October 26, 2014.
Shares of Chiquita Brands recently traded at $13.79 up 8.2 percent and are up 12.77 percent YTD.
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.