Benzinga's Weekend M&A Chatter


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 Friday November 27 through Sunday November 29, 2015:Consortium Submits Preliminary Non-binding Proposal to Acquire iKang for $22/ADSThe Offer:
Jiangsu Sanyou Group Co Ltd, Meinian Onehealth Healthcare (Group) Co., Ltd, Shenzhen Ping An Decheng Investment Co., Ltd., Taiping Guofa (Suzhou) Capital Management Co., Ltd., Huatai Ruilian Fund Management Co., Ltd., Sequoia China Investment Management LLP and Cathay Capital Private Equity SAS are part of a consortium, which has submitted a preliminary non-binding proposal to acquire, iKang Healthcare Group, Inc. (NYSE: KANG) for $22 per ADS.iKang had announced receipt an offer of $17.80 per ADS on August 31, 2015 from founder, Chairman and CEO Ligang Zhang.iKang shares fell 1.41% Friday, closing at $16.77.Hearing Unconfirmed Takeover Chatter Cyclacel Could be Takeover Target for Martin Shkreli and KalobiosThe Rumor:
Shares of Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC) surged higher Friday, on unconfirmed market chatter that the company might be a takeover target for Martin Shkreli and Kalabios Pharmaceuticals, Inc. (NASDAQ: KBIO).A spokesperson for Cyclacel was not available for comment.Cyclacel rose 47.83% Friday, closing at $1.02.Sanofi Said to be Considering Sale of Merial Animal Health UnitThe Rumor:
Sanofi (NYSE: SNY) is said to be preparing a sale of its Merial animal health unit, and is working with Lazard on the deal, according to sources as reported by Reuters on Friday. The Merial unit could be valued at up to $12.7 billion, the sources said.Sanofi and Lazard did not provide comment to Reuters.Sanofi closed at $44.31 Friday, and traded as high as $45.21 after-hours.

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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