Posts for Ticker ‘CYCL’

Merger Stocks With Significant Arbitrage (CYCL, T, HNBC, FNFG, PCAP, PSEC, JAVA, ORCL, VM, S, DT, IPCS)

Broken Money Merger ImageDespite the notion that times are tough, mergers are still happening.  If you look back at what we noted, the top 20 companies by market cap had over $335 billion in raw cash that could be used for acquisitions and dividends.  Two of those are in deals noted herein.  We are seeing some significant merger-arbitrage spreads in five of the existing mergers that are currently in the pipe.  These deals are as follows:

  • Centennial Communications Corp. (NASDAQ: CYCL) by AT&T Inc. (NYSE: T);
  • Harleysville National Corp. (NASDAQ: HNBC) by First Niagara Financial Group (NASDAQ: FNFG);
  • Patriot Capital Funding Inc. (NASDAQ: PCAP) by Prospect Capital Corp. (NASDAQ: PSEC);
  • Sun Microsystems Inc. (NASDAQ: JAVA) by Oracle Corp. (NASDAQ: ORCL);
  • Virgin Mobile USA Inc. (NYSE: VM) by Sprint Nextel Corp (NYSE: S).

We have provided specific background and added in some color to highlight the risks and chances of closure of each deal.  There are some significant opportunities here in some of these deals, and some significant risks in others.
Read More »

Posted on: September 18, 2009 – 11:38 am in Activist Investor, Banking, Dividend, Editor's Picks, Insider Activity, Mergers and Buy Outs, Telecom, Value Investing, , , , , , , , , , , ,

24/7 Wall St. Day Trading Alerts (STEM)(DRYS)(ACAS)(FDRY)(BRCD)(CYCL)(T)

Good news out of the sector is driving StemCells (STEM) up almost 20%. Details here.

DryShips (DRYS) is spiking up on news of the China stimulus package.

American Capital (ACAS) suspended its dividend sending its shares down sharply.

Foundry Networks (FDRY) is up on news of a revised buyout agreement from Brocade (BRCD).

Centennial Communications (CYCL) is staging a furious rally on a buyout by AT&T (T)

Douglas A. McIntyre

Posted on: November 10, 2008 – 10:15 am in Uncategorized, , , , , , ,

Centennial 100% Premium Buyout Could Ignite Sector (CYCL, T)

Centennial Communications Corp. (NASDAQ: CYCL) will be trading up huge on a $944 million buyout from AT&T Inc. (NYSE: T).  This was a 100% premium-merger, and you have to wonder if the larger telecom giants still have an appetite to consolidate the players if it means they can grow their footprint.

Read More »

Posted on: November 10, 2008 – 7:45 am in Mergers and Buy Outs, Telecom, Wireless, ,