Friday, January 19, 2007

Hit #140 (USI Holdings)

USI Holdings (USIH) is being acquired by Goldman Sachs for $1.4 billion in a cash deal. The offer, of $17/share, is a premium of 45.5% over my average cost of $11.68. USI has been rumored to be a target before, and it is a bit of a surprise that a deal announcement took so long.

A recent related addition to my holdings is Arthur J. Gallagher (AJG). The stock's dip had made the yield very attractive, with the outlook not looking all that bad. Shares have since recovered. I will be looking to add on further dips.

Previous hit - Placer Sierra (#139)


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