This will be a quick portfolio update/investing log post updating my thoughts on my Avon position given last week’s announcement that Natura & Co. will acquire Avon.
click here if you careTag: Merger Arbitrage
Merger Monday Comes to my Portfolio
Turned on Bloomberg radio this morning to some decent news. Gramercy Property Trust (“GPT”) caught a takeover bid from BlackRock at $27.50 per unit. As I mentioned before, I recently took a position in GPT. Also, there was a development late last week that might have yielded some additional “tea leaves” concerning Conagra (“CAG”) and Pinnacle Foods (“PF”). Continue reading “Merger Monday Comes to my Portfolio”
Retail REITs: Brookfield’s Acquisition of General Growth Properties
Since my post about retail REITs, Brookfield Asset Management (“BAM”) entered into an agreement to acquire a mall REIT, General Growth Properties (“GGP”), so I thought we should take a quick look at that comparable transaction as a touchstone for sector valuations and also because the terms looked interesting. Continue reading “Retail REITs: Brookfield’s Acquisition of General Growth Properties”