Benzinga's M&A Chatter for Tuesday January 27, 2015


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 January 27, 2015:Lattice Semiconductor to Acquire Silicon Image Through All-Cash Tender Offer of $7.30/Share

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The Deal:
Lattice Semiconductor Corporation (NASDAQ: LSCC) and Silicon Image, Inc. (NASDAQ: SIMG) announced Tuesday, that Lattice will acquire Silicon Image in an all-cash tender offer of $7.30 per share, for an equity value of approximately $600 million.The transaction is expected to close by the end of March 2015.Silicon Image shares gained 23% Tuesday, closing at $7.29. Lattice Semiconductor shares gained 10%, closing at $7.30.Huron to Acquire Studer for $323M Cash, $2M in Huron Common StockThe Deal:
Huron Consulting Group Inc. (NASDAQ: HURN) announced Tuesday, that it has entered into an agreement to acquire professional services firm Studer Group for $325 million, including $323 million in cash and $2 million in Huron common stock.The transaction is expected to close in February 2015,Huron Consulting shares closed Tuesday at $75.84, up almost 6%.

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Marriott to Acquire Delta Hotels and Resorts for ~$135MThe Deal:
Marriott International, Inc. (NASDAQ: MAR) announced Tuesday, it has agreed to acquire the Delta Hotels and Resorts brand and management and franchise business from Delta Hotels Limited Partnership for approximately $135 million. The deal is expected to close in Q2 of 2015.Marriott International shares lost 1% Tuesday, closing at $78.61.Informatica in Contact With Potential Buyers, According to Sources -DJThe Rumor:
Shares of Informatica Corporation (NASDAQ INFA) spiked higher Tuesday, on a report from The Wall Street Journal, that the company is working with Qatalyst Partners on a potential sale.Elliott Associates reported an 8.3% stake on Monday and stated in the filing it was pushing for a sale of the company.Informatica shares rose 5% Tuesday, closing at $43.12.

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: NewsRumorsHedge FundsManagementM&AMoversGeneralConsumer DiscretionaryHotels, Resorts & Cruise LinesInformation TechnologySemiconductors