8/21/2015 – Informatica Corporation (INFA)

Attention, those of you who own Informatica Corporation (INFA): INFA has been acquired by Permira Advisers and Canada Pension Plan Investment Board. The acquisition will include a buyout of $48.75 for all outstanding shares of INFA. Because of this agreement, you should Transmogrify if necessary (your shares of INFA have already been sold, so you will not need to perform this transaction). …

07/15/2015 – Gannett Co., Inc. (GCI)

Attention, those of you who own Gannett Co., Inc. (GCI): GCI has announced a spin-off for the company, the details of which can be found here. The spin-off involves the creation of a new GCI, and a symbol change of the pre-existing GCI to TGNA. All owners of the TGNA position will receive a quantity of shares in the new GCI position equal …

07/14/2015 – Infosys Ltd. (INFY)

Attention, those of you who own Infosys Ltd. (INFY): INFY has announced a 2-for-1 stock split effective June 16, 2015. As a result, some alterations need to be made to your Snider Investment Method worksheets. LattcoPro clients: the adjustments have been made for you and should be reflected in your account by Trade Day. We’re here to help! If you have a position …

7/14/2015 – Ryland Group Inc. (RYL)

Attention, those of you who own Ryland Group Inc. (RYL): RYL is the target of an acquisition by Standard Pacific Corp. (SPF); full details of the merger can be found here. The merger will involve a reverse stock split and an exchange in stocks between the two merging companies that will make it difficult to apply the Snider Method consistently moving forward. …

5/18/2015 – Riverbed Technology (RVBD)

Attention, those of you who own Riverbed Technology (RVBD): RVBD is being taken private by Thoma Bravo. The company has bought back its outstanding shares for a payout of $21 per share.  As a result, we recommend you transmogrify your position in RVBD as soon as possible. Please note: if you are able to maintain a profit on RVBD even after having your shares …

5/15/2015 – OmniVision Technologies, Inc. (OVTI)

Attention, those of you who own OmniVision Technologies (OVTI): OVTI has taken itself private. As a result, there is very little price volatility for shares of OVTI, which has resulted in a lack of option premium for the position.  Therefore, we recommend you transmogrify your position in OVTI into a more appropriate position as soon as possible. Please note: if you are …

5/6/2015-Force Protection (FRPT) Class Action Settlement

Several of our clients have recently contacted us to mention that they have received notifications regarding a settlement that has been reached regarding Force Protection (FRPT). To be eligible for this settlement, you will need to have held the FRPT position at any point between November 6, 2011 and December 19, 2011. If you are contacted in regards to this …

3/20/2015 – RTI International Metals (RTI)

Attention, those of you who own RTI International Metals (RTI): RTI is the target of an acquisition by Alcoa, Inc.(AA). After the completion of the deal, you will receive 2.8 shares of Alcoa (AA) for every share of RTI that you currently own. Because of the odd share amounts of Alcoa it will be cumbersome to implement Snider Investment Method with the new …

03/19/2015 – Quicksilver Resources (KWKA)

Attention, those of you who own Quicksilver Resources (KWK): KWK has entered bankruptcy and has been delisted. Its ticker symbol has changed to KWKAQ. This will likely leave the stock price with little or no value in the future. At this time we recommend selling the shares and recognizing the loss in the Snider Investment Method®. We recommend these steps to close …

2/19/2015 – Talisman Energy Inc. (TLM)

Attention, those of you who own Talisman Energy Inc. (TLM): TLM is the target of an acquisition by Repsol, S.A. Because of this agreement, you should sell your shares of TLM and Transmogrify if necessary.  If you are able to sell your shares above your average cost, there is no need to Transmogrify. We’re here to help! Here is a link to the …