20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of ClubCorp Holdings, Inc. (NYSE:MYCC) by Apollo Global Management, LLC (NYSE:APO). On July 9, 2017, the two companies announced the signing of a definitive merger agreement pursuant to which Apollo Global Management will acquire ClubCorp. Under the terms of the agreement, ClubCorp shareholders will receive $17.12 for each share of ClubCorp common stock.
View this information on the law firm's Shareholder Rights Blog: http://www.robbinsarroyo.com/shareholders-rights-blog/clubcorp-holdings-inc
Is the Proposed Acquisition Best for ClubCorp and Its Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board of directors at ClubCorp is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.
In the last three years, ClubCorp traded as high as $24.70 on July 13, 2015, and most recently traded above the merger consideration – at $17.50 – on February 21, 2017.
On April 12, 2017, ClubCorp reported strong earnings results for its first quarter 2017. Revenue increased $6.4 million to $221.3 million, up 3% from the same period in the previous year, while net loss decreased $0.8 million to $7.5 million, down 9.7% from the same period in the previous year. Additionally, ClubCorp beat analyst estimates for adjusted EPS and adjusted net income in two of its last four quarters. In commenting on these results, ClubCorp's Chief Executive Officer, Eric Affeldt, remarked, "[w]e are pleased to deliver our twelfth consecutive quarter of revenue and adjusted EBITDA growth. As we celebrate ClubCorp's 60th anniversary this year, the Company remains firmly committed to executing its three-pronged growth strategy focused on organic growth, reinvention and acquisitions."
In light of these facts, Robbins Arroyo LLP is examining ClubCorp board of directors' decision to sell the company now rather than allow shareholders to continue to participate in the company's continued success and future growth prospects.
ClubCorp shareholders have the option to file a class action lawsuit to ensure the board of directors obtains the best possible price for shareholders and the disclosure of material information. ClubCorp shareholders interested in information about their rights and potential remedies can contact attorney Leo Kandinov at (800) 350-6003, lkandinov@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law. The law firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170710006483/en/
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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