Special Situation Investments

Corning Natural Gas Holding (CNIG) – Merger Arbitrage – 5% Upside

Oct 28, 2021Apr 27, 2021

Current Price: $23.52

Offer price: $24.75

Upside: 5%

Expected closing: late 2021/early 2022.

Zenabis (ZENA.TO) – Merger Arbitrage – 25% Upside

May 14, 2021Mar 4, 2021

Current Price: C$0.125

Offer Price: C$0.157

Upside: 25%

Expiration Date: TBD

Sogou (SOGO) – Going Private Transaction – 9% Upside

Sep 1, 2021Jan 18, 2021

Current Price: $8.26

Offer Price: $9.00

Upside: 9%

Expected Closing: mid-2021

3P Learning (3PL.AX) – Merger Arbitrage – 9% Upside

Feb 5, 2021Nov 25, 2020

Current Price: A$1.38

Offer Price: A$1.50

Upside: 9%

Expected Closing Date: TBD

Consol Coal Resources (CCR) – Merger Arbitrage – 4% Upside

Dec 30, 2020Nov 16, 2020

Current Price: $3.16

Offer Price: $3.28

Upside: 4%

Expected Closing: Q1 2021

InnerWorkings (INWK) – Merger Arbitrage – 8% Upside

Sep 30, 2020Jul 24, 2020

Current Price: $2.78

Offer Price: $3.00

Upside: 8%

Expected Closing: Q4 2020

Metlifecare (MET.NZ) – Merger Arbitrage – 52% Upside

Jul 29, 2020Jun 8, 2020

Current Price: NZ$4.62

Offer Price: NZ$7.00

Upside: 52%

Expected Closing: TBD

Gilat Satellite Networks (GILT) – Merger Arbitrage – 22% Upside

Oct 19, 2020Jun 5, 2020

Current Price: $7.20

Offer Price: $8.75

Upside: 22%

Expected Closing: H2 2020

Tiffany (TIF) – Merger Arbitrage – 16% Upside

Nov 5, 2020Jun 5, 2020

Current Price: $116

Offer Price: $135

Upside: 18%

Expected Closing: Late 2020 / Early 2021

Texas Capital Bancshares (TCBI) – Merger Arbitrage – 13% Upside

May 27, 2020May 23, 2020

Current Price: $28.5

Offer Price: $32.2

Upside: 13%

Expected Closing: H2 2020

SUBMIT IDEA

Nanoco Group (NANO.L)
Unless your were dumb enough to buy at the top and then turn 'risk seeking' and try and 'get back…
G98 on Feb 4, 2023
Nanoco Group (NANO.L)
Seems like Nanoco idea was closed right on time. Settlement terms have been released. Total proceeds of $150m and net…
dt on Feb 3, 2023
Harvest Oil & Gas (HRST)
I don't think I can trade it in fidelity but that's a good price. About equal to adjusted 6/30 NCAV…
nuggy5 on Feb 2, 2023
Sisecam Resources (SIRE)
Agree. Sold today at $25.50. Thanks all
billball70 on Feb 2, 2023
Harvest Oil & Gas (HRST)
FWIW I got out at $5.25 on 26 Jan.
rc99ar on Feb 2, 2023
Harvest Oil & Gas (HRST)
I received a $3.75 return of capital in January. I'm not sure how much is left here.
nuggy5 on Feb 2, 2023
Sisecam Resources (SIRE)
Nicely done! (Shame that bizarre change is US tax law saw, presumably, most non US investors dump their holdings last…
G98 on Feb 2, 2023
Sisecam Resources (SIRE)
The $25/share improved offer is definitely lower than I expected given the continued favorable industry developments - the company is…
dt on Feb 2, 2023
Sisecam Resources (SIRE)
Definitive Agreement at $25. At least one $0.50 dividend, probably another $0.50 in May, if the close is actually 7/30/23.…
Dunkincoffee on Feb 2, 2023
Sisecam Resources (SIRE)
$25 new buyout price, closing by 7-30-23. After hours price up 3+% to $25.04 bid. Dividends in Feb of 50c…
Terence on Feb 2, 2023
Pan American Silver (PAASF)
I decided to pay someone to translate the last meeting notes. Here they are. MINISTRY OF ENERGY AND MINES DEPUTY…
BKGal on Feb 1, 2023
Link Administration (LNK.AX)
I am closing LNK.AX position and the idea on SSI at a 20% loss in 8.5 months. The whole case…
dt on Feb 1, 2023
Metacrine (MTCR)
Thank you. They estimated about $27m at the EQ deal closing so this makes sense.
Vince on Jan 31, 2023
Blucora (BCOR)
Thanks for the kind words. I'm glad the trade worked out.
Jordan on Jan 31, 2023
Integrated Asset Management (IAM.TO)
Ah here we go, another 0.02 CAD per CVR received
Nick on Jan 31, 2023
Sisecam Resources (SIRE)
Q4 earnings will be out on February 1. Hopefully, it will include an update on the buyout review. https://www.businesswire.com/news/home/20230126006025/en/Sisecam-Resources-LP-to-Release-Fourth-Quarter-and-Year-Ended-2022-Results
Ilja on Jan 31, 2023
Blucora (BCOR)
Jordan, thanks for sharing this opportunity. This setup worked out exactly as you suggested: - Initially, the BCOR price ran…
dt on Jan 31, 2023
Blucora (BCOR)
That is an old price referring to the last closing price when the name was Blucora. Closing price yday was…
ActOfWill on Jan 31, 2023
Metacrine (MTCR)
It was on their previous merger proxy (p110) https://www.sec.gov/Archives/edgar/data/1634379/000114036122040942/ny20005542x1_defm14a.htm
AFPond on Jan 31, 2023
Metacrine (MTCR)
where in the proxy did they show the $0.62/share estimate?
Vince on Jan 31, 2023
Wright Investors’ Service Holdings (IWSH)
anyone keep up w/this one? It's at 50% of NCAV right now.
nuggy5 on Jan 30, 2023
Metacrine (MTCR)
Liquidation announced. Vote in late March. Liquidation estimate in the proxy (assuming Nov liquidation) was $0.62. Shave a couple of…
rd128 on Jan 30, 2023
Riviera Resources (RVRA)
Just curious if anyone has heard anything further here? Thanks
Nomad on Jan 30, 2023
Blucora (BCOR)
Tender $27-31, for $250million or 17-19% of total stock, deadline Feb 24. Stock jumps from 27.28 to 30 at open,…
Terence on Jan 27, 2023
Blucora (BCOR)
Today, Blucora's name and ticker will change into Avantax (AVTA) as part of its strategic shift towards a pure-play tax-focused…
Ilja on Jan 26, 2023
Blucora (BCOR)
An interesting update from Blucora. Activist Engine Capital has nominated a candidate to BCOR’s board at the 2023 AGM (date…
Ilja on Jan 25, 2023
Integrated Asset Management (IAM.TO)
So is this CVR now done? Still shown at IB, would want to have it booked out if there is…
Nick on Jan 24, 2023
Prevail Therapeutics (PRVL)
Any updates on the CVR?
Nick on Jan 24, 2023
Sisecam Resources (SIRE)
Thank you, sir.
Dunkincoffee on Jan 22, 2023
Sisecam Resources (SIRE)
https://finance.yahoo.com/quote/SISE.IS/
rd128 on Jan 21, 2023