Benzinga's Weekend M&A Chatter


27% profits every 20 days?

This is what Nic Chahine averages with his options 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 January 15 through Monday January 18, 2015Perry Ellis Chairman Considering Sale of Women's Apparel Business The Rumor:
Perry Ellis considering selling his women's apparel business, including Laundry by Shelli Segal and Rafaella labels, according to a report by the NY Post on Saturday. Company chairman George Feldenkreis told the Post "we aren't marketing them, but everything is for sale at a price."Pery Ellis closed at $17.62 on Friday, down 1.56%. GE to Sell Appliances Business to Haier for $5.4BThe Deal:
GE announced Friday, an agreement to sell its appliances business to Qingdao Haier Co., Ltd. for $5.4 billion. The deal is targeted to close in mid-2016.GE closed at $28.49 on Friday, down 1.96%.Alon Blue Square Announced Receipt of Additional Offer for Holdings in Blue Square Real EstateThe Offer:
Alon Blue Square Israel Ltd. (NYSE: BSI) announced Friday that it had received an additional offer to purchase the company's 53.92% holdings in Blue Square Real Estate Ltd.The offer, based on a NIS 1.7 billion valuation of BSRE, includes a "no shop" period until January 24, 2016 at 8pm Israel time. The offer requested that Alon Blue Square respond by 8:00 am Israel time on Sunday, January 17, 2016 if it agreed to the "no shop." Alon Blue Square announced Monday that it is reviewing a number of offers to purchase the company's holdings in Blue Square Real Estate Ltd and will update the market with further information when it deems disclosure appropriate or necessary.Alon Blue Square closed Friday at $5.30, up 6.85%.Synutra Announces Receives Preliminary Non-Binding 'Going Private' Proposal for $5.91 in Cash/ShareThe Offer:
Synutra International, Inc. (NASDAQ: SYUT) announced Friday, that its Board has received a non-binding proposal letter, dated January 14, 2016, from Synutra Chairman and CEO Liang Zhang and an affiliated entity of his, proposing a "going-private" transaction to acquire all of the outstanding common stock of the company not already owned by the buyer group for $5.91 per share in cash.The Synutra Board intends to form a special committee to review the proposal.Synutra closed Friday at $4.85, up 26.63%.

27% profits every 20 days?

This is what Nic Chahine averages with his options 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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