Browsing Category: "Mergers"
This evening I’m celebrating my homerun merger arbitrage hit with an ice cold Bud. My shares of Anheuser-Busch Companies (BUD) were cashed out this morning. I was expecting that I would be cashed out of this position rather soon ever since I saw last week that the Department of Justice cleared the merger with InBev (INBVF).
This morning the Special Situations Real [...]
As some of you might know, I’ve been playing the Constellation Energy Group (CEG) merger arbitrage opportunity. Berkshire Hathaway’s MidAmerican has offered to buy CEG shares for $26.50. The stock has bounced down as low as $15 and as high as $28.62.
I sold my original position in CEG, but last Friday I couldn’t resist buying [...]
The S&P 500 was down 4% today, but my merger arbitrage position in Constellation Energy Group (CEG) was up nicely. In fact, CEG shares climbed all the way up to the MidAmerican Energy Holdings offer price of $26.50. The stock was up on news that Berkshire Hathaway (BRKa) submitted its first regulatory filing to complete its [...]
I must admit today’s market activity struck fear in my heart, but for a very specific reason. Constellation Energy Group’s (CEG) stock took me for a wild ride today. Thankfully, as a value investor, I knew that I had to keep my fear in check in order to profit. Let me share with you my story [...]
