03/16/2022 – VanEck Vectors Oil Services ETF (OIH)

Attention, those of you who own VanEck Vectors Oil Services ETF (OIH): OIH previously underwent a 1-for-20 reverse split in April of 2020. We issued a position alert on that action, which you can read here. As a result of the reverse split, Lattco users who owned OIH at that time were left with a position that had a low …

03/16/2022 – SPDR S&P Oil & Gas Exploration & Production ETF (XOP)

Attention, those of you who own SPDR S&P Oil & Gas Exploration & Production ETF (XOP): XOP previously underwent a 1-for-4 reverse split in March 2020. You can read more about the reverse split here. As a result of the reverse split, Lattco users who owned XOP at that time were left with a position that had a low purchase …

02/21/2022 – Xilinx, Inc. (XLNX)

Attention, those of you who own Xilinx, Inc. (XLNX): XLNX has been acquired by Advanced Micro Devices, Inc. (AMD). The acquisition was concluded on 2/14/2022 and includes an exchange of 1.7234 shares of AMD for every outstanding share of XLNX. Because of this acquisition, you should sell your shares of AMD and transmogrify if necessary. When selling your AMD shares, …

01/18/2022 – Activision Blizzard, Inc. (ATVI)

Attention, those of you who own Activision Blizzard, Inc. (ATVI): ATVI is the target of an acquisition by Microsoft. The proposed buyout includes a payment of $95 per share for each outstanding share of ATVI. Because of this proposed acquisition, you should sell your shares of ATVI and transmogrify on Trade Day, if necessary. If the average cost of your …

01/14/2022 – TeeKay LNG Partners L.P. (TGP)

Attention, those of you who own TeeKay LNG Partners L.P. (TGP): TGP has been acquired by Stonepeak. The acquisition includes a payment of $17 per share for every outstanding share of TGP. You should have already received a cash payment for your shares of TGP equal to your quantity of shares owned of TGP multiplied by $17. Because of this …

06/14/2021 – Nabors Industries LTD. (NBR)

Attention, those of you who own Nabors Industries LTD. (NBR): NBR has announced a distribution of warrants to current owners of NBR stock. Stockholders of record as of June 4, 2021, will receive 0.4 warrants for every 1 share of NBR owned. The distribution of the warrants is expected to be completed by June 11, 2021. To illustrate how this …

05/26/2021 – Marathon Petroleum Corporation (MPC)

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 …

04/16/2021 – The Michaels Companies (MIK)

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 …

03/17/2021 – MDC Holdings, Inc. (MDC)

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. …

01/20/2021 – Concho Resources Inc. (CXO)

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 …