Only 62 days ago our call was to buy ALIOY on a potential buyout. Average price is $45.57. This is the 121st buyout of our portfolio companies. Over the years, the long-time subscribers to The Arora Report have generated substantial wealth from so many of our portfolio companies getting bought out producing handsome profits.
The buyout by JNJ is for $70 cash plus the holders will get shares in a new company that will contain R&D efforts of Europe’s largest biotech.
The 289.76% annualized return is calculated on $68 per share where the stock is trading as of this writing and not on $70 per share.