This post was just published on ZYX Buy Change Alert.
FNFG is long from $10.40. 20% of the full core position size is being held. FNFG gets a buyout offer from KEY for $11.4o per share. The offer consists of $2.30 cash and 0.68 shares of KEY.
In the pre-market, shares of KEY are falling and the stock after trading as high as $11.00 has fallen to $10.65 as of this writing.
What To Do Now?
The offer is lower than what we would have liked. Consider selling the stock and exiting the position in the zone of $10.58 to $11.09.
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