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Merger Arbitrage Blog

Tag: BRCD

Sep 2017 Trade Update

ADDED Brocade, Time Warner, Monsanto: Brocade: My only major holding currently with about 40% allocation (Total long positions + buying power).  I'm still adding to my position if the price is favorable. I am highly confident of the completion of the merger by 30th Nov which will net about 4% profits from now. See my previous post […]

Broadcom Brocade Merger Moving Forward

First, the bad news… The Broadcom/Brocade merger deal completion has been delayed again as the investigations at CFIUS did not complete in time.  Now lets discuss the positives.  The parties had agreed to extend the merger deadline past 1st Nov 2017.  They now anticipate the merger to be completed by 30th Nov 2017. Broadcom is […]

Broadcom Brocade merger spread is becoming tasty

The Broadcom Brocade merger spread is currently at 4.2%. If the merger is completed, investors will get $12.75 per share. The current share price as of 15/9 is $12.23. All regulatory approval had been granted except CFIUS. Application to CFIUS had been withdrawn on 17 Jul 2017 and promptly refiled. Assumming the refiling is on […]

July 2017 Trade Updates #1

Dramatic changes in my portfolio as I continued to trim non-core positions and add to my core positions. Large concentration risks on two main merger plays now but one of them should be completed within 2 months. SOLD Mobileye, Brocade, Fortress Investments, Moneygram, Brookdale Senior Mobileye: With the annoucement from Israeli Tax Authority and a […]

June 2017 Summary & Trade Updates

This month my mark to market performance is +2.9%, mainly helped by $MON and $MBLY while $PF dragged. SOLD Neustar, Abercrombie & Fitch, CST Brands Neustar: The company received CFIUS approval on 13th Jun and when the price reaches $33.45, just $0.05 short of the merger price, I sold all my holdings rather than wait for the deal to […]

Merger Trades Update – Jun 2017

SOLD NXP SEMI, VALSPAR NXP SEMI: One regret that I had was that I didn't manage to accumulate a large position in NXP Semiconductor (NXPI). As readers may recall, NXP Semiconductor is being bought over by Qualcomm for $110 in cash per share. The merger is not anticipated to be completed before Q3 but the […]

Merger Trades Update

SOLD INVENSENSE I bought Invense on 1st May after rumors that the company lost some Apple business to a competitor. The news caused Invensense to drop to a low of $12.70. I didn't manage to buy much before the price started to recover and eventually i sold off all my holdings at $12.96 on 10th May for […]

Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion

Broadcom will buy Brocade for $12.75 per share in an all cash transaction. Brocade rose to 9% to $12.26 in premarket trade. Chipmaker Broadcom to buy network gear maker Brocade for $5.5 billion https://t.co/uKY6RTT8zf via @Reuters — MergerPie (@mergerpie) November 2, 2016   Information provided on this website is general in nature and does not […]

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