|Bullseye- Second of the year. :+ ) I wonder why Yahoo took down my post on the CNVR board yesterday?|
An acquisition that is possibly going to add 50 cents a shares next year by the acquiring company. IMO should be worthy of a White Knight. Holding
Conversant's shares soar after buyout deal with Alliance Data Systems
Published: Sept 11, 2014 4:56 p.m. ET
NEW YORK (MarketWatch) -- Shares of Conversant CNVR, +0.15% soared 32% in after-hours trade Thursday, after Alliance Data Systems ADS, -2.45% announced an agreement to buy the digital marketing company in a cash and stock deal valued at $2.3 billion. The per-share offer price of $35 represents a 31% premium to where Conversant shares last traded during Thursday's regular session, at $26.71, before they were halted at 3:40 p.m. Eastern. It also matches the all-time closing high of $35 hit on May 22, 2007. Alliance Data said it expects the acquisition to add 50 cents a share to earnings in the first year, and 75 cents a share to earnings in the second year, after the merger is completed. Alliance Data shares rallied 3.6% in after-hours trade.