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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (5157)	4/17/2019 12:52:07 AM
From: richardred	Respond to of 7260

SFS- Speculation- BULLEYE TODAY- I knew full well going in, if this speculation was to occur. The premium would be small, It was. On a positive note it's a cash deal, and my time holding was short. I haven't looked into details yet. Such as a shop around or breakup fees should a White knight appear. Ahold IMO certainly will be looking IMO. However they might be a little tied up now with the on going Stop & Shop strike. Smart & Final agrees to be re-acquired by Apollo for $6.50 a share Smart & Final Stores Inc. SFS, -1.64% announced Tuesday afternoon that it has agreed to be acquired by private-equity firm Apollo Global Management LLC for $6.50 a share in cash. Smart & Final stock closed Tuesday at $5.39 a share, and popped more than 18% higher in after-hours trading to reflect the agreement. At $6.50 a share, Smart & Final would have a market cap of about $500 million. Apollo previously bought Smart & Final for $22 a share in 2007, then sold it to Ares Management in 2012; the company went public in 2014, but was still majority-owned by Ares. Ares has committed to tender its shares in the acquisition. marketwatch.com