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, July 17, 2017.
Washington Cos. to Acquire Dominion Diamond for $14.25/Share in Cash
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The Deal:
Dominion Diamond Corp (NYSE:DDC) and The Washington Companies have entered into an arrangement agreement under which an entity affiliated with Washington will acquire all of Dominion's outstanding common shares for $14.25 per share in cash, for a total equity value of approximately $1.2 billion. The transaction is expected to close in Q4 of 2017, subject to the approval of at least two-thirds of the votes cast at a special meeting of Dominion shareholders.
Dominion Diamond closed at $14.07, up 59 cents.
Church & Dwight Acquire Waterpik for $1B Cash
The Deal:
Church & Dwight Co., Inc. (NYSE:CHD) has signed a definitive agreement to acquire Water Pik, Inc. for approximately $1 billion in cash. The transaction is expected to close in Q3 2017.
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Church & Dwight closed at $53.33, up 71 cents.
Quidel to Acquire Alere Triage Assets for $400M Plus $40M in Contingent Consideration
The Deal:
Quidel Corporation (NASDAQ:QDEL) has entered into definitive agreements to acquire the Triage business and the BNP business from Alere Inc. (NYSE:ALR) for a total consideration of $400 million plus $40 million in contingent consideration.
The businesses are being divested in order to obtain antitrust approvals for Abbott’s (NYSE:ABT) pending acquisition of Alere.
Quidel closed at $34.12, up $6.90.
BorgWarner to Acquire Sevcon for $22/Share in Cash
The Deal:
BorgWarner Inc. (NYSE:BWA) has entered into a definitive agreement to acquire electrification technologies company Sevcon Inc (NASDAQ:SEV) for $22.00 per share in cash, for an enterprise value of approximately $200 million. The transaction is expected to close in Q4 of 2017.
Sevcon closed at $21.73, up $8.13.
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.