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 Monday, May 1, 2017.
HNA Reportedly Eyeing Major Cruise Line Acquisition
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The Rumor:
Chinese conglomerate HNA could be in the market to acquire a major cruise company, according to a report from Cruise Industry News. A cruise line could be next, following agreements to to acquire a 16.8 percent stake in Dufry and stake a stake in Rio's airport last week.
HNA acquired a 25 percent stake in Hilton Hotels for $6.5 billion last October.
Carnival Cruise Line's (NYSE:CCL) ship 'Jubilee' became HNA's 'Henna' in 2012.
Carnival Cruise Line closed at $62.55, up $0.78.
Jive Software Acquired by ESW Capital for $5.25/Share Cash
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The Deal:
Jive Software Inc (NASDAQ:JIVE) announced that ESW Capital, LLC, through its affiliate Wave Systems, is acquiring Jive in a transaction is valued at $462 million. Under the agreement, an affiliate of Aurea will commence a tender offer for all of the outstanding shares of Jive common stock for $5.25 in cash per share.
Jive's Board of Directors has unanimously approved the merger agreement and recommends that Jive stockholders tender their shares in the tender offer.
Jive Software, closed at $5.27, up $0.22.
IAC to Acquire Angie's List for $8.50/Share
The Deal:
IAC (NASDAQ:IAC) and Angie's List Inc (NASDAQ:ANGI) have entered into a definitive agreement under which IAC's HomeAdvisor and Angie's List will be combined into a new publicly-traded company, to be called ANGI Homeservices Inc. Under the terms of the agreement, Angie's List stockholders will have the right to elect to receive either one share of Class A common stock of ANGI Homeservices Inc. or $8.50 per share in cash, for each share of Angie's List stock that they own, with a cap on the cash of $130 million.
The transaction has been approved by the Boards of Directors of both companies, and is expected to close in Q4 of 2017.
Angie's List closed at $5.89, and traded at $8.50 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.