Saturday, July 30, 2005

Update on Hit #34 - Insight

Insight Communications (ICCI) had earlier agreed to be acquired for $10.75/share as detailed in this post.

Management and the Carlyle Group upped the offer to $11.75/share on Friday. This offer now represents a premium of 29% over my average cost per share of $9.12, held in multiple portfolios.

The stock has been trading above the initial offer price indicating that a new offer was likely.


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