SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (3762)9/12/2014 2:41:47 AM
From: richardred  Read Replies (2) | Respond to of 6521
 
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.

marketwatch.com