Tribune Publishing Co. (NYSE: TPUB) confirmed it received an unsolicited offer from Gannett Co., Inc. (NYSE: GCI) on April 12 to buy all the outstanding shares at $12.25 a share in cash.
The company revealed immediately on getting the proposal, it communicated to Gannett that its Board would hire financial, as well as, legal advisors to help in reviewing the proposal. On April 22, the company sent a letter indicating it was hiring the services of Goldman Sachs and Lazard as financial advisors while Kirkland & Ellis LLP would take care of the legal matters.
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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Tribune Publishing said that its board is engaged in a thorough review with the help of its advisors. The board was committed to acting in the best interests of the shareholders. The company indicated that it would respond to Gannett as soon as possible.
In the pre-market trading, the stock traded higher by 60 percent.
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.