Special Situation Investments

Home Bancorp Wisconsin (HWIS) – Merger Arbitrage – 13% Upside

Jun 2, 2022Nov 8, 2021

Current Price: $24.25

Offer Price: $26.47-$27.32

Upside: 9%-13%

Expected Closing: Q2 2022

Melrose Bank (MELR) – Merger Arbitrage – 10% Upside

May 22, 2020Apr 8, 2020

Current Price: $22.70

Offer Price: $25.00

Upside: 10%

Expected Closing: Q2

Summit Bancshares (SMAL) – Merger Arbitrage – 37% upside

Jan 31, 2020Jul 23, 2019

Current Price: $40.99

Offer: $56.13

Upside: 37%

Expiration Date: TBD

SUBMIT IDEA

SSI Weekly – Quick Pitches For PMCB, GFF
It does look interesting. However, I am a bit concerned about what the final play here will be. Iroquois has…
dt on Mar 31, 2023
SSI Weekly – Quick Pitches For PMCB, GFF
Taking a closer look at PMCB makes me think it's even more compelling - cash burn appears much lower than…
TheRick on Mar 29, 2023
SSI Weekly – Quick Pitches For PMCB, GFF
On February 2, 2023, the Board of Directors of this biotechnology company, approved a $10 million share repurchase program equal…
TheRick on Mar 29, 2023
Tegna (TGNA)
Not yet, however, there is a strong possibility that the deal will fall through. SG has strongly criticized regulator's decision,…
Ilja on Mar 27, 2023
Zagg (ZAGG)
Judge each case on it's own. I agree that usually CVR's are skewed towards the buyer. However, each individual case…
writser on Mar 27, 2023
Tegna (TGNA)
so is the deal dead?
wjones on Mar 26, 2023
Zagg (ZAGG)
@dt Even sales milestones and FDA approvals can be manipulated: sales can be recognized somehow in another year, FDA application…
Evg on Mar 25, 2023
Zagg (ZAGG)
Evg, you are correct to point out that in some cases incentives between CVR holders and the buyer are not…
dt on Mar 23, 2023
Zagg (ZAGG)
Tbh I’m done with these CVRs. The main issue is that investor’s incentives here are opposite to those of the…
Evg on Mar 21, 2023
SSI Weekly – Quick Pitches For SGA, DNTL.TO, CBIO
No updates have been made since the strategic review announcement in November. Hopefully management will provide more details in the…
Ilja on Mar 20, 2023
SSI Weekly – Quick Pitches For SGA, DNTL.TO, CBIO
Is DNTL still in play? Just had a price alert because I prob liked it at these levels back when…
TheRick on Mar 17, 2023
SSI Weekly – Quick Pitches For GSMG, LMN.SW, SO.PA
Yes, they have crossed the threshold allowing the implementation of a squeeze-out back in January without increasing the offer. https://www.somfy-group.com/en-en/news/2023-01-09-change-in-the-free-float-of-somfy-shares
Giorgi on Mar 14, 2023
SSI Weekly – Quick Pitches For GSMG, LMN.SW, SO.PA
How did Somfy play out? Looks unlisted so did it go out for 143 or was bid increased?
TheRick on Mar 13, 2023
First Eagle Alternative Capital BDC (FCRD)
FCRD merger proceeds have hit the account. As expected cash election turned out slightly better bringing the final return on…
dt on Mar 13, 2023
First Eagle Alternative Capital BDC (FCRD)
Closing out FCRD case. The merger closed yesterday. The consideration ended up at $1.46/share in cash + 0.20635 shares of…
dt on Mar 10, 2023
Zagg (ZAGG)
Or we were screwed by a crafty buyer because we didn't read the fine print good enough .. Always easy…
writser on Mar 10, 2023
First Eagle Alternative Capital BDC (FCRD)
Merger completed. https://finance.yahoo.com/news/crescent-capital-bdc-inc-completes-223100289.html
Terence on Mar 10, 2023
Zagg (ZAGG)
Broker removed worthless CVR from account 3/7/23 Screwed by govt bureaucracy.
BPstyler on Mar 10, 2023
SSI Weekly – Quick Pitches For B, DXC, AGF-B
Due to the financial sponsor’s challenges in raising the necessary capital, as a result of current market conditions, no formal…
G98 on Mar 10, 2023
SSI Weekly – Pitches For BOCH.L, TNA.V, DMS, ADT and VLNS
The Board has unanimously determined that continuing to execute on the Company’s strategic plan as an independent, public company is…
G98 on Mar 10, 2023
Zagg (ZAGG)
Expired worthless. Showed up today in my broker statement.
nostradamus on Mar 8, 2023
SSI Weekly – Quick Pitches For SIOX, OIIM
OIIM Merger completed today, well done!
Bernd on Mar 3, 2023
SSI Weekly – Quick Pitches For SIOX, OIIM
OIIM: 2c left! Bid/ask $4.90/4.91. Trading halt moved earlier to today, 3-2-23 after after-market-hours 8pm. Nasdaqtrader.com copied below as of…
Terence on Mar 2, 2023
Opera (OPRA)
I am closing out OPRA idea. Yesterday Opera reported great Q4 results. Both revenue/EBITDA exceeded the guidance and the stock…
dt on Feb 28, 2023
SSI Weekly – Pitches for URF.AX, IMRA, RPID, CRNT, CTEK, VIVO
Thanks for taking the time and effort to respond, it is much appreciated. I didn't want to acknowledge just how…
G98 on Feb 28, 2023
SSI Weekly – Pitches for URF.AX, IMRA, RPID, CRNT, CTEK, VIVO
I own some shares, but here are the risks: -They have a sizable debt load. House prices would have to…
ijw on Feb 27, 2023
SSI Weekly – Pitches for URF.AX, IMRA, RPID, CRNT, CTEK, VIVO
I am trying to understand the downside to URF as it currently stands at ~0.28/share - my ignorance is blinding…
G98 on Feb 27, 2023
SSI Weekly – Quick Pitches For GSMG, LMN.SW, SO.PA
Very strange, they invite for annual general meeting end of March, one point is to approve "Assentsure PAC as the…
Bernd on Feb 26, 2023
Tegna (TGNA)
Tegna Buyout Shelved by FCC Order Sending $5.4 Billion Deal to Hearing https://www.bloomberg.com/news/articles/2023-02-24/fcc-says-it-s-unable-to-approve-tegna-deal-schedules-hearing
G98 on Feb 26, 2023
Nam Tai Property (NTP)
I am folding on this clearly failed and highly speculative bet on IsZo Capital’s conquest of NTP. All of the…
dt on Feb 25, 2023