12/16/16-Neustar, Inc. (NSR)

Attention, those of you who own Neustar, Inc. (NSR): NSR is the target of an acquisition by Golden Gate Capital. The proposed acquisition will include a buyout of $33.50 for all outstanding shares of NSR. Because of this proposal, you should sell your shares of NSR on Trade Day, and Transmogrify if necessary. If you are able to sell your shares above …

12/5/2016-M.D.C. Holdings, Inc. (MDC)

Attention, those of you who own M.D.C. Holdings, Inc. (MDC):  MDC has declared a 5% stock dividend to its shareholders, with an ex-distribution date of December 2, 2016. As a result of this declaration, owners of MDC have received an additional 5 shares of the positions for every 100 shares they previously owned. Concurrent with this, the strike prices for …

11/30/2016-National Beverage Corporation (FIZZ)

Attention, those of you who own National Beverage Corporation (FIZZ):  FIZZ has announced a special dividend, in the amount of $1.50 per share. As a result, the strike prices for open December options on FIZZ have been adjusted down to compensate. For example, a client who sold a $50 call and a $45 put on FIZZ will now have a …

11/18/2016-Western Refining, Inc. (WNR)

Attention, those of you who own Western Refining, Inc. (WNR):  WNR is the target of an acquisition by Tesoro Corporation (TSO). The proposed acquisition will include a buyout of $37.30 for all outstanding shares of WNR. Because of this proposal, you should sell your shares of WNR on Trade Day, and Transmogrify if necessary. If you are able to sell your shares …

11/17/2016-Monster Worldwide, Inc. (MWW)

Attention, those of you who own Monster Worldwide, Inc. (MWW): MWW has been acquired by Randstad Holding. The acquisition includes a buyout of $3.40 for all outstanding shares of MWW. Because of this transaction, you should Transmogrify MWW as soon as possible. We’re here to help! Here is a link to the Transmogrification document that will tell you step-by-step what …

11/16/2016-Alcoa, Inc. (AA)

Attention, those of you who own Alcoa, Inc. (AA):  AA has completed a corporate restructuring and has split into two companies, Alcoa Corporation (AA) and Arconic Inc. (ARNC). AA owners have received a quantity of shares of ARNC equal to the number they previously owned of AA, and have also received 1 share of the new AA for every 3 …

12/1/2016-Overstock.com, Inc. (OSTK) *UPDATE*

Attention, those of you who own Overstock.com, Inc. (OSTK):  OSTK has announced a rights offering for its Blockchain Platform division. As a result of this, owners of OSTK have received 10 rights shares for every 100 shares of stock they own in OSTK. At this time, we don’t recommend any action to be taken with the OSTK rights.  The new …

11/16/2016-ConAgra Foods, Inc. (CAG)

Attention, those of you who own ConAgra Foods, Inc. (CAG):  CAG has announced that it will be splitting into two separate public companies, ConAgra Brands, Inc. (CAG) and Lamb Weston Holdings, Inc (LW). As a result of this, CAG owners will receive 33 shares of LW for every 100 shares they currently own of CAG. After expiration, you will want to …

10/20/2016-SINA Corporation (SINA)

Attention, those of you who own SINA Corporation (SINA): SINA has announced a spin-off of shares for its subsidiary Weibo Corporation (WB). Each owner of SINA will receive one share of WB for every ten shares owned of SINA. On Trade Day, you will want to sell your shares of WB at the market price. Since the proceeds of WB is …

10/11/2016-Financial Select Sector SPDR Fund (XLF)

Attention, those of you who own Financial Select Sector SPDR Fund (XLF): XLF has tightened the criteria for its ETF. As a result, it has announced a spin-off of shares for a real estate centered position under the ticker symbol XLRE. Each owner of XLF will receive an amount of XLRE shares proportionate to the amount that you currently own in …