Deal updates
- NetRatings (Hit #118) got a revised offer of $21/share in cash from Nielsen. This now represents a gain of 73% over my average cost of $12.21. This offer is unlikely to be raised again.
- Docucorp (Hit #135) got a rival offer valuing it at $11/share from Ebix. If it goes through I will be breaking even on this investment.
- 21st Century (TW), the auto-insurer, has received an all-cash bid from AIG. The shares are trading at $21.5, above the offer price of $19.75, indicating that a higher offer is likely. I will mark it as a hit in a much longer post when that happens.
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