Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (25681)	1/8/2007 7:38:14 PM
From: Paul Senior	Respond to of 78702

THX. Oops. I didn't do well with my recent buys of THX at 55. Jana Partners, which bought a chunk of THX, offered to buy the remainder of the company last year for $62/sh. They were rebuffed by THX. Now though...sigh... now that natural gas prices have fallen, THX agrees today to a buyout offer from Forest Oil at $52/sh. in stock and cash. (Benefit apparently to Jana is that Jana will clear their position in THX (although taking their lumps), and they will have a position in Forest). I guessed it was a risky spec. play buying at $55, because the stock price fell off as Jana failed to increase its offer, THX didn't modify its objections, and no further buyers came forward at the lower price. I closed my position this morning. finance.yahoo.com