Xenova (XNVA) Message Board

STOCKTALK

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.

Biotech / Medical : Xenova (XNVA)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: fred hayes who wrote (150)	8/8/2005 4:35:13 PM
From: tuck	of 173

>>Similar deal cooking at GLFD. Buyout should close in Oct? at $3.75. Can buy 'em now at $3.49. That's .26/3.49 x 4 (say 3 months) for an annual rate of 30 percent if all goes as planned (famous last words). Did I get this right? Another one that seems too easy... add/edit: make it $3.47. << More risk there, I believe. 15% collar for MOGN in the stock portion. If it's under ~$23.50 the week before close, you do not get $3.75 worth of consideration. The strategy would be to sell your MOGN fraction shortly after the deal closes. I haven't thought hard about this, but it seems to me some kind of calendar spread or strangle might hedge this risk nicely. Further discussion would be more appropriate on the MOGN board. Cheers, Tuck

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next