What Did You Buy Today?

[Dividendsrule]

(02-23-2016, 09:13 PM)navyasw02 Wrote:

(02-23-2016, 02:39 PM)Dividendsrule Wrote: Nibbled on some BBL, AGN (backdoor into cheap Pfizer upon merger), and AAPL.

EDIT See my BBL rationale in the dividend announcement thread if you like.

What are the details of the AGN/PFE deal for shareholders? (cutoff dates, share conversions, etc?)

11.3 shares of PFE for every share of AGN, not quite sure when the conversions and cutoff dates actually are. 

Bloomberg article : http://www.bloomberg.com/news/articles/2...ion-merger

8-K : http://www.sec.gov/Archives/edgar/data/1...024d8k.htm

8-K talks about termination fees around March 1 if voted down, and also mentions October 31 as a termination right, one of the reasons for such is if the law changes around inversions. So there might be some risk for this deal not happening, but if it happens, you are basically buying a share of Pfizer at a 15% discount or so. 
It looks to me like this is happening, they look pretty serious : http://seekingalpha.com/news/3088916-pfi...onsummated

Also AGN is hustling to make regulators happy by selling their generics to Teva : http://seekingalpha.com/news/3121716-tev...ergan-deal

So things are happening. It's not a sure bet yet...So we'll see what happens.