Position Alerts

Attention, those of you who own Marathon Petroleum Corporation: MPC has announced a modified Dutch auction with the purpose of purchasing $4 billion worth of outstanding shares of its stock. More information on this transaction can be found here. If you currently own MPC stock, you have likely received a notification of the modified Dutch auction, along with a request …

Attention, those of you who own The Michaels Companies (MIK): MIK has been acquired by Apollo Global Management LLC (APO). The acquisition includes a payment of $22 per share for every outstanding share of MIK. In the future, you will receive a cash payment for your shares of MIK equal to your quantity of shares owned of MIK multiplied by …

Attention, those of you who own MDC Holdings, Inc. (MDC): MDC has announced a special 8% dividend consisting of additional shares of MDC. More information on the dividend can be found here. As part of this dividend, holders of MDC will receive 8 shares of MDC for every 100 shares of MDC owned on the date of record, March 3rd. …

Attention, those of you who own Concho Resources Inc. (CXO): CXO has been acquired by ConocoPhillips (COP). The acquisition was concluded on 1/19/2021 and includes an exchange of 1.46 shares of COP for every outstanding share of CXO. Because of this acquisition, you should sell your shares of COP and transmogrify if necessary. When selling your COP shares, you will …

Attention, those of you who own Pfizer Inc. (PFE):  PFE has completed a spinoff of a new company, Viatris Inc. (VTRS). More information on the spin-off can be found here. As part of this spinoff,  holders of PFE stock will receive 0.124079 shares of VTRS for every 1 share of PFE owned on the date of record, November 13th, 2020. Please …

Attention, those of you who own SINA Corp. (SINA): SINA is being taken private by New Wave Holdings Limited. The acquisition will include a buyout of $43.30 for each outstanding share of SINA. Because of this agreement, you should sell your shares of SINA on Trade Day, and Transmogrify if necessary. If you are able to sell your shares above …

Attention, those of you who own Noble Energy, Inc. (NBL):  NBL has completed a merger with Chevron Corporation (CVX). The merger includes a trade of 0.1191 shares of CVX for every 1 share of NBL previously owned.  As a result, some alterations need to be made to your Snider Investment Method worksheets. Lattco PRO & Lattco AutoPilot clients: the adjustments have been made …

Attention, those of you who own Superior Energy Services, Inc. (SPN):  SPN has filed for Chapter 11 bankruptcy, and has changed its symbol to SPNX. This will likely leave the stock price with little or no value in the future. At this time we recommend selling your shares on Trade Day and recognizing the loss in the Snider Investment Method®. …

Attention, those of you who own CenturyLink (CTL): CTL has undergone a name and symbol change to Lumen Technologis (LUMN). All outstanding shares of CTL have been replaced with shares of LUMN, and all outstanding CTL options have been replaced with corresponding LUMN options. Lattco users will need to update your worksheets to reflect this change at your earliest convenience. Lattco …