Long time subscribers to The Arora Report have generated significant wealth from our success in picking companies that get bought out.
VVC is the 134th portfolio company to get bought out.
VVC was only recently purchased at $60.64. 40% is being held.
In an update we had previously shared with you that CenterPoint Energy CNP was one of the lead bidders. Now it is official. CNP is making a cash buyout offer of $72 for VVC stock.
VVC is an electric and gas utility. Utility buyouts take a while to close due to the regulatory approvals that are needed.