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   Strategies & Market TrendsSpeculating in Takeover Targets


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To: richardred who wrote (6065)8/11/2021 2:42:09 PM
From: richardred
   of 6101
 
Sold AFI shares bought below 4.00.

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To: richardred who wrote (5353)8/12/2021 8:36:07 AM
From: richardred
   of 6101
 
2019 SITT pick and backyard company for me. IEC- IEC Electronics goes down today.


IEC and Creation Technologies Sign Merger Agreement
Purchase Price of $15.35 per Share in Cash Transaction Valued at $242.3 Million Including Debt

Newark, NY and Boston, MA, August 12, 2021 – IEC Electronics Corp. (NASDAQ: IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced the signing of a definitive merger agreement under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash, representing a fully diluted equity value of approximately $173.8 million and an aggregate enterprise value of $242.3 million, based upon net debt of $68.6 million. The transaction has been unanimously approved by the Boards of Directors of both companies.



IEC is a leading provider of high-complexity, low-to-medium volume electronic manufacturing services focused on high-reliability applications within the aerospace and defense, medical and industrial end markets. With its marquee, blue-chip customer base, the company has proven its ability to service the industry’s highest levels of quality and reliability. The merger will augment IEC’s existing production capabilities with access to Creation’s existing low-cost manufacturing facilities in Mexico.



Creation Technologies is a global EMS supplier with a focus on medium volume, high-reliability customers in aerospace and defense, medical and tech industrial markets. Creation and IEC combined will have more than 4,000 employees in facilities located in the USA, Canada, Mexico and China.

iec-electronics.com

To: ~digs who wrote (2908)10/10/2011 7:20:44 PM
From: richardred Read Replies (3) of 6072
I also have a liking to companies I can follow closely. I call them my backyard companies. I own Ultralife, Lyon's National Bank, Veramark, & Harris, Harris has it's RF communications division in Rochester (most profitable division). ITT has it's Gould's pump division in Seneca Falls. I sold my IEC electronics earlier in the year.
I also have Seneca Foods -SENEA on my watch list.

In the past my Champion Products was bought out along with my Genencor & Sybron.

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To: richardred who wrote (6064)8/12/2021 10:28:43 AM
From: richardred
   of 6101
 
HLX- Bought back in the shares I sold.

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To: richardred who wrote (6070)8/12/2021 3:20:10 PM
From: richardred
   of 6101
 
Sold POSH on the 7% dead cat bounce,

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To: Cautious_Optimist who wrote (3935)8/13/2021 11:07:20 AM
From: richardred
   of 6101
 
Brazil's JBS Proposes to Buy Rest of Pilgrim's Pride -- Update
BY Dow Jones & Company, Inc.

— 10:53 AM ET 08/13/2021

P.S. One big chicken buyout leads to another.

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To: richardred who wrote (6073)8/13/2021 11:22:22 AM
From: richardred
   of 6101
 
Added to HLX & MNTX below 7

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To: richardred who wrote (6075)8/13/2021 11:31:26 AM
From: Cautious_Optimist
   of 6101
 
Both examples of...

"If only I had held."

Same same for when I persisted on value for several years down; and sold months before they recovered.

The universe does what the universe does, its so tough to time the possible events.

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To: Cautious_Optimist who wrote (6077)8/13/2021 12:28:36 PM
From: richardred
   of 6101
 
>Both examples of...

"If only I had held."

Yes, I've had a couple myself this year. Two former SITT picks SYKE & IEC yesterday.

I just say to myself. Don't cry over spilled milk. You did it before, you can do it again. IMO that's why it's important for myself to keep track of timely events. Not necessarily just the valued aspects of takeover picks themselves, but also the technological advantages companies may have.

P.S. perfect example

Message 32946414


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To: richardred who wrote (6049)8/20/2021 3:43:46 PM
From: richardred
   of 6101
 
RE:ENZ speculation New 13G filing today and IMO an interesting development in that the purchaser is on the board of HemaCare a Charles River Company.

hemacare.com

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From: richardred8/23/2021 8:26:23 AM
1 Recommendation   of 6101
 
Trillium Therapeutics TRIL | Up 191.13%

Shares of Trillium Therapeutics ( TRIL) more than tripled early Monday after Pfizer said it would buy the cancer therapy specialist in a deal worth $2.26 billion.

Trillium's drug portfolio includes biologics treatments that "enhance the ability of patients’ innate immune system to detect and destroy cancer cells," Pfizer said.

Pfizer had first invested $25 million in Trillium in September 2020.

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