02/18/2019 – M.D.C. Holdings, Inc. (MDC)

Attention, those of you who own M.D.C. Holdings, Inc. (MDC):  MDC has announced a special 8% stock dividend. The dividend will take the form of a distribution of additional shares of MDC stock. Owners of MDC will receive 8 additional share of stock for every 100 shares owned on the date of record, which is February 14th. Concurrent with this, the …

2/13/2019 – Celgene Corporation (CELG)

Attention, those of you who own Celgene Corporation (CELG):  CELG is the target of an acquisition by Bristol-Myers Squibb (BMY). The proposed acquisition includes a payment of $50 and 1 share of BMY for every outstanding share of CELG. Because of this agreement, you should sell your shares of CELG on Trade Day, and Transmogrify if necessary. If you are able to …

01/16/2019 – Goldcorp Inc. (GG)

Attention, those of you who own Goldcorp Inc. (GG):  GG is the target of an acquisition by Newmont Mining Corp. The proposed acquisition includes a payment of $0.02 and 0.3280 shares of Newmont for every outstanding share of GG. Because of this agreement, you should sell your shares of GG on Trade Day, and Transmogrify if necessary. If you are able to sell …

01/22/2019 UPDATE – P G & E Corp (PCG)

01/22/2019 UPDATE:  Attention, those of you who own P G & E Corp (PCG): Due to the unique circumstances surrounding PCG and the potential significant liability they may be required to pay due to the California wildfires, we recommend transmogrification for this position. At this time, the stock still has enough value to sell and put the proceeds into another position with the …

11/15/2018 – EQT Corporation (EQT)

Attention, those of you who own EQT Corporation (EQT): EQT has completed a spin-off of its midstream business sector into a new publicly traded company, Equitrans Midstream Corporation (ETRN). More information on this spin-off can be found here. You will receive 80 shares of the new ETRN stock for every 100 shares of your EQT position. On Trade Day, please …

10/17/2018 – Sonic Corp. (SONC)

Attention, those of you who own Sonic Corp. (SONC): SONC is the target of an acquisition by Inspire Brands, Inc. The proposed acquisition includes a payment of $43.50 per share for each outstanding share of SONC. Because of this agreement, you should sell your shares of SONC on Trade Day, and Transmogrify if necessary. If you are able to sell your shares …

07/18/2018 – Rent-A-Center Inc (RCII)

Attention, those of you who own Rent-A-Center Inc (RCII):  RCII is the target of an acquisition by Vintage Capital Management. The proposed acquisition includes a payment of $15 per share for each outstanding share of RCII. Because of this agreement, you should sell your shares of RCII on Trade Day, and Transmogrify if necessary. If you are able to sell your …

4/18/2018 – Monsanto Company (MON)

Attention, those of you who own Monsanto Company (MON):  MON is the target of an acquisition by Bayer AG (BAYN). The proposed acquisition includes a payment of $128 for each outstanding share of MON. Because of this agreement, you should sell your shares of MON on Trade Day, and Transmogrify if necessary. If you are able to sell your shares above your …

05/22/2018 – Chicago Bridge & Iron Company N.V. (CBI)

May 22, 2018 UPDATE – Attention, those of you who previously owned Chicago Bridge & Iron Company N.V. (CBI): CBI is the target of a merger with McDermott International Inc. (MDR). Your shares of CBI have been replaced with shares of MDR.  Because of this merger, you should sell your shares of MDR, and Transmogrify if necessary. If you are able to …

1/19/2018-Sigma Designs, Inc. (SIGM)

Attention, those of you who own Sigma Designs, Inc. (SIGM):  SIGM is the target of an acquisition by Silicon Labs (SLAB). The acquisition will include a payment of $7.05 per share for every outstanding share of SIGM. Because of this agreement, you should sell your shares of SIGM on Trade Day, and Transmogrify if necessary. If you are able to sell your …