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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (4541)11/3/2017 11:10:16 AM
From: richardred
   of 6274
 
Sold out of HBIO.

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To: richardred who wrote (4618)11/3/2017 11:22:59 AM
From: richardred
1 Recommendation   of 6274
 
Sold ACET bought this morning average cost 8.40. @ 10.33.

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To: richardred who wrote (4595)11/3/2017 11:57:40 AM
From: richardred
   of 6274
 
Took profits-Sold out of ATRO

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To: richardred who wrote (4614)11/3/2017 12:39:43 PM
From: richardred
   of 6274
 
RE-OMI-The market likes today's acquisition news.

Corporate News Blog - Owens & Minor to Acquire Halyard’s S&IP Business


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From: richardred11/3/2017 12:54:14 PM
   of 6274
 
IMO another good indirect economic sign- Someone has to be loading those Amazon warehouses.


HYSTER YALE MATERIALS HANDLING INC-Hyster-Yale Materials Handling Reports Higher Q3 EPS vs Last Year, Revenues Beat Street.

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To: richardred who wrote (4625)11/3/2017 4:18:26 PM
From: Robert O
   of 6274
 
Shares of Qualcomm Inc. QCOM, -0.02% rallied Friday following a report that Broadcom Ltd. AVGO, -0.08% was interested in acquiring the chipmaker. Qualcomm shares jumped 14% to $62.59 in recent activity, its biggest one-day surge since October 2008.

This would be quite the Depp dish pie to swallow. I tend not to jump on late when it has already popped intraday and I was not aware real-time (ahem actual day job can get in the way lol). Will keep an eye out for any opportunity in either direction. cheers to folks here with recent wins btw.

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To: Robert O who wrote (4626)11/3/2017 6:46:41 PM
From: richardred
   of 6274
 
Wow, that's one spicy meatball.

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To: richardred who wrote (4627)11/6/2017 8:27:46 AM
From: richardred
   of 6274
 
Broadcom makes unsolicited $130B bid for Qualcomm in largest tech deal in history
Terri Cullen | David Faber
Published 1 Hour Ago Updated 19 Mins Ago.


Broadcom makes unsolicited bid for Qualcomm in largest tech deal in history 39 Mins Ago | 03:33
Broadcom on Monday made an unsolicited offer to buy Qualcomm, in a deal that that would be the largest technology acquisition ever.

The $70 a share bid, equal to more than $130 billion, is comprised of $60 in cash and $10 per share in stock. It also include Broadcom's willingness to have Qualcomm complete its pending acquisition of NXP Semiconductors for more than $38 billion in cash, sources told CNBC, which reported Sunday evening the offer was likely coming Monday.

But the bid stands whether that acquisition is completed or not, Broadcom said.

Qualcomm shares were halted for trading in premarket trade.

Qualcomm's stock, traded on the Nasdaq, surged by more than 12 percent on Friday amid speculation that Broadcom was preparing a bid. It finished the session at $61.81. Broadcom's offer is at a premium of 27.6 percent to Qualcomm's closing price of $54.84 on Thursday, a day before media reports of a potential deal pushed up the company's shares.

Broadcom has been working on its proposal for months — a bold bid to become a dominant supplier of communications chips to the wireless industry — and is believed to have approached Qualcomm privately about its offer, but was quickly rebuffed, sources told CNBC. The company had originally considered an attempt to buy Qualcomm prior to that company's deal to buy NXP more than one year ago, but upon getting no traction at that time, retreated.




Getty Images
Qualcomm Inc. CEO Steve Mollenkopf.This time, Broadcom is determined to bring its offer to the attention of Qualcomm shareholders. People familiar with the company's thinking indicate Broadcom will not shy away from initiating a proxy fight to gain seats on Qualcomm's board of directors in support of its offer.

Qualcomm's annual meeting is currently scheduled for March of next year with the deadline for nominating directors sometime in December.

Qualcomm, however, is expected to strongly resist Broadcom's proposal. People close to the company expect it to indicate the offer price is far below what it would expect in a takeover. In addition, Qualcomm is expected to raise concerns that any combination with Broadcom would raise significant antitrust concerns.

While Broadcom is expected to indicate its willingness to let Qualcomm complete its deal to acquire NXP, it is also expected to encourage the company not to raise its current $110 cash deal to acquire the company. Qualcomm is under pressure from NXP shareholders to raise its bid for that chip company, or face the likely prospect it will not be able to meet the minimum threshold needed to take control of the company under Dutch law.

A tie-up would combine two of the largest makers of wireless communications chips for mobile phones and raise the stakes for Intel, which has been diversifying into smartphone technology from its stronghold in computers.

cnbc.com

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To: richardred who wrote (4628)11/6/2017 8:53:23 AM
From: richardred
   of 6274
 
These are the people below Broadcom must convince. I heard an analyst say this deal could be accretive to 80 dollars. Could this be the price that might convince them? IMO There still is a smaller stock portion of the offer that might be raised to entice majority holders? Brodadcom stock is going up with it's unsolicited bid. I think that shows this is a good deal for Broadcom. Hypothetically speaking, a knock out blow might be. The same cash portion along with Broadcom stock totaling 85.00. This gives major shareholders in Qualcom a chance to still participate by way of Broadcom stock.
I'm staying out. However it sure will be interesting to see what happens.


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To: richardred who wrote (4629)11/6/2017 10:03:59 AM
From: waitwatchwander
   of 6274
 
There has to be a lot of Qualcomm stock held in ETF's. On matters like this, how do those people vote?They're only concern is moving out of one issue and into another.

Their new holding in this case is likely highly overpriced while they'll be getting cash for the underpriced part they currently hold. Hmmmm

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