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 24, 2017.
WebMD To Be Acquired By KKR's Internet Brands for $66.50/Share in Cash
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The Deal:
WebMD Health Corp. (NASDAQ:WBMD) and KKR portfolio company, Internet Brands, announced Monday that Internet Brands has entered into a definitive agreement to acquire WebMD for $66.50 per share in cash, in a transaction valued at approximately $2.8 billion. The WebMD Board of Directors approved the merger agreement.
The acquisition is expected to close during Q4 of 2017.
WebMD closed at $66.10, up $10.91.
UPL Considers Bid For Platform Specialty Products' Agrochemicals Division
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
The Rumor:
India's UPL is considering a more than $4 billion bid for the agrochemicals business of Platform Specialty Products Corp (NYSE:PAH), according to sources as reported by Reuters. The offer would compete with a previous bid from a consortium of Blackstone Group LP (NYSE:BX) and CVC Capital Partners Ltd, the sources said. The New York Post later reported that Blackstone was in the final stages of a deal for agricultural chemical side of Platform's business.
Platform Specialty, UPL, Blackstone and CVC did not immediately respond to requests for comment.
Platform Specialty Products closed at $13.46, up 50 cents.
Rent-A-Center Rejects Takeover Interest from HIG Capital, Lone Star Capital
The Rumor:
Rent-A-Center Inc (NASDAQ:RCII) rebuffed takeover interest from private equity firms HIG Capital and Lone Star Funds prior to rejecting an $800 million offer from Vintage Capital this month, according to sources as reported by Reuters. HIG and Lone Star inidcated they would pay a premium for Rent-A-Center, though the specific offer price was unknown, the sources said.
Rent-A-Center declined comment on the report, while HIG and Lone Star did not immediately respond.
Rent-A-Center closed at $12.37, down 40 cents.
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.