VECTREN CORPORATION GETS $72 CASH BUYOUT OFFER, 134TH BUYOUT OF OUR PORTFOLIO COMPANIES $VVC $CNP

VECTREN CORPORATION GETS $72 CASH BUYOUT OFFER, 134TH BUYOUT OF OUR PORTFOLIO COMPANIES $VVC $CNP

This post was just published on ZYX Buy Change Alert.

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. We expect the buyout to close in the first quarter of 2019.

What To Do Now

The stock is trading around $69.  By waiting you may earn a dividend of $1.80.  In the end, waiting to tender shares next year may produce a return of about 7%.  This is certainly better than the return you can get on a one-year bond.

Investors who like the idea of a 7% return going forward may consider continuing to hold.

Investors who do not want to wait may consider scaling out on any up spikes.

Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007.  Please click here and scroll down to see the table of all trades.  These trades have been scrutinized in real-time by thousands of investors across the globe.  This provides easy verification of performance for newcomers to this site.  Only those trades are included in the performance where the entry post was made available to subscribers to The Arora Report Market Blog.  When the entry post is made available only to the paying subscribers and not posted in real-time on The Arora Report Market Blog, the resulting performance of the trade is not credited in the performance table.  There are very nice gains on this trade but since the entry trade was not posted here for the free subscribers in real-time but only made available to the paying subscribers, handsome profits on this trade will not be added to the performance of The Arora Report Market Blog shown on the table.

 

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