This post was just published on ZYX Buy Change Alert.
TE is long from $19.67. TE is trading at $27.67 as of this writing. Subscribers to The Arora Report have been earnings about 4.7% dividend on the buy price. 50% of the full core position size is being held. The company has a cash buyout offer at $27.55 from Canadian energy company EMR.
TE is an electric utility based out of Tampa.
The transaction is likely to close shortly, possibly as early as July 1st. The reason the stock is trading above the cash offer is the investors will receive a pro rata dividend.
What To Do Now?
Those in the stock may tender it through their broker for cash.
Those not in the stock may not enter.
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