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, January 20 through Sunday, January 22, 2017.
Walgreens Said to Face U.S. Antitrust Concerns for Rite-Aid Takeover
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The Rumor:
Walgreens Boots Alliance Inc’s (NASDAQ: WBA) plan to receive U.S. antitrust clearance for its takeover of Rite Aid Corporation (NYSE: RAD) hasn’t gone far enough to preserve competition, according to sources as reported by Bloomberg on Friday. FTC lawyers aren't satisfied with Walgreen's plan to sell 865 drugstores to Fred's Inc. (NASDAQL: FRED), sources said.
Rite Aid closed Friday at $7.46, down 13.26 percent.
Tucows to Acquire eNom From Rightside for $83.5M
The Deal:
Rightside Group Ltd (Nasdaq: NAME) announced it has signed a definitive agreement for the sale of its eNom wholesale registrar business to Tucows Inc. (USA) (Nasdaq: TCX) for $83.5 million, less a net working capital adjustment of $6.8 million, for net cash at closing of $76.7 million. The transaction closed Friday.
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Rightside closed at $9.21 on Friday, up 13.14 percent.
Verizon Acquisition of Yahoo Could Close Soon
The Rumor:
Verizon's (NYSE: VZ) $4.83 billion acquisition of Yahoo! Inc. (NASDAQ: YHOO) could close soon, according to a report from the NY Post on Sunday. The companies could provide insight into the status of the deal during their earnings calls this week. Yahoo reports its Q4 earnings on January 23 after the close, while Verizon reports its Q4 earnings on January 24 before the open.
Verizon has been reconsidering the deal after multiple reports of hacks at Yahoo. Late Sunday, Dow Jones reported Yahoo was under SEC investigation.
Yahoo closed at $42.05 on Friday, down $0.10.
Cynosure Said to be Considering Potential Sale
The Rumor:
Cynosure, Inc. (NASDAQ: CYNO) is said to be considering strategic options, including a potential sale, according to sources as reported by Bloomberg on Sunday. Allergan (NYSE: AGN) and some medical device companies are said to be interested acquiring the maker of lasers for medical and cosmetic treatments, sources said.
Cynosure closed at $43.85 on Friday, down $0.15.
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.