Compounding Life

So there has not been a lot of news on the PSD merger lately. This has some people thinking the deal will not go through, these thoughts are reflected in the stock price which has remained around $27.30-$27.50 for a couple of days now.

In my opinion no news is good news. There really should not be much to report unless something goes wrong, so they silence has me quite content that share holders will be getting their $30 per share sometime this month.

One interesting thing to note though is that PSD annouced its quarterly dividend to shareholders on record as of January 21st 2009.  This is a nice added bonus if we end up getting the dividend for this quarter and the buyout share price. 

For more details on the PSD deal read the posts at Oldschoolvalue.

Tags: arb, Arbitrage, Energy, LinkedIn, m&a, merger, psd, pugestsoundenergy, puget sound energy

This entry was posted on Tuesday, January 6th, 2009 at 12:36 pm and is filed under Arbitrage, Energy, stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.