Friday, December 23, 2005

More deal updates

The proposed buyout of Alberston's fell through. The stock is again attractive and I will be looking to add more.

Net2Phone got yet another bid from IDT, this one marginally higher, at $2.05/share, than the earlier hiked bid of $2/share. It now looks like the deal will go through at the new price, a 26% discount to my average cost. IDT shares themselves look extremely attractive now.

Affiliated Computer Services (ACS) is rumored to be going private. The shares saw a big jump today. I have a small number of shares bought at lower prices.

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