Hi Paperchase,
Good luck with your 1/3 position. I hope you will have to average up for your 2/3 position than average down, in which case I will jump in with my second feet.
The stock has a resistance at 14 1/8 and it has been trying to break it twice, soon will see the third time.
I believe we will see the number from the old Arris soon when they file with the SEC.(According the CC, they said in 3-4 weeks)
Also, in the PR on Nov. 01, they will have the show in California and they will unveil new products from Arris. This would help the stock to punch through it resistance and go back to its realistic value.
About the finance for the 325 mil., in the CC on Oct. 18, I thought I heard that NT will finance for that debt. Could someone confirm on this?
Here is my thought on the deal.
- NT could easily buy out the 18.75% of Antec interest in the old Arris. Why didn't they do that? (This also reminded me back to not too long ago, there was a rumor that NT was looking into buying ANTC. For what reason the rumor didn't come true but I did see alot of posts on that rumor.)
That lead to my conclusion that Arris must making good money. If not, why NT didn't just walk away totally but instead take a 46% interest in the new Arris?
If the rumor was true then this deal would be the come back offer from ANTC. They couldn't own the whole ANTC but 46% still a better interest then nada.
And Who know? If this deal has qualified for NT as free tax merger, then what stopping them in the future to acquire the rest of ARRIS for a tax free take over?
Again, this is just my humble opinion and some wishful thinking. Buy and sell ANTC at your own risk.
Good luck. |
