This post was just published on ZYX Buy Change Alert.
RAX is a cloud hosting company. It has received a $32 cash buyout offer from APO. The offer is likely to close in the fourth quarter of this year.
There is about 30% probability of a strategic competing bidder to emerge. If such a bidder emerges and a bidding war starts, the eventual price may go as high as $39.
Your most likely risk is that you will get $32 cash and you have some probability of making decent money. The stock is trading at $31.52 as of this writing.
Caution: it is prudent to limit the quantity to 50% of the full core position size.
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