Benzinga's M&A Chatter for Thursday March 3, 2016


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 Thursday March 3, 2016:Talk of Potential Elon Musk Bid for SolarCityThe Rumor:
Shares of Solar City (NASDAQ: SCTY) surged higher Thursday, on unconfirmed market chatter that Elon Musk was going to acquire the company outright and take it private. Musk, SolarCity Chairman, increased his stake last month to 22.6%.A spokesperson for Tesla declined comment. A SolarCity spokesperson did not respond to a request for comment.SolarCity closed at $22.75 on Thursday, up 17%. Natus Medical Acquires NeuroQuestThe Deal:
Natus Medical Incorporated (NASDAQ: BABY) announced Thursday, that it has acquired the assets of neurodiagnostic services provider NeuroQuest, LLC. Terms of the transaction were not disclosed.Natus Medical closed at $36.74 on Thursday, up 3.5%.Diamond Resort Could be Taken Private at $32-$35/ShareThe Rumor:
Shares of Diamond Resort (NASDAQ: DRII) spiked higher Thursday, on a report from The Street that the company could be taken private for as much as $35 per share. A source said the going private transaction could happen following completion of a strategic review.Diamond Resort closed at $22.72 on Thursday up 7%.Samsonite Near Deal to Acquire Tumi HoldingsThe Rumor:
Samsonite International SA (OTC: SMSEY) is nearing a deal to acquire Tumi Holdings Inc. (NYSE: TUMI), according to sources reported by Reuters on Thursday. The sources said a deal, which could value Tumi at $2 billion, could be announced this week.Tumi closed at $26.20 on Thursday, up 30%.

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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