Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, October 28, 2011

Article Excerpt

MOSAID TECHNOLOGIES INC., $45.95, symbol MSD on Toronto, has agreed to a friendly, $46.00-a-share, all-cash takeover offer from U.S.-based private-equity firm Sterling Partners. Mosaid mainly licenses computer chip and telecommunications technology, including patents for technology used in smartphones and laptops. The Sterling Partners bid counters last week’s $42-a-share hostile offer from Wi-LAN. Prior to that, Wi-LAN had offered $38 a share. Mosaid is now trading at $45.95 a share, or just below Sterling’s bid. This indicates that investors do not expect a higher price. Last week, Wi-LAN said it would not raise its bid any further. We first recommended Mosaid in our May 2010 issue at $22.18. That gives us a 107.2% gain in 18 months. Mosaid investors should tender their shares to Sterling to receive the full $46.00 a share without paying brokerage fees. Mosaid was recently covered in the November 2011 issue of Stock Pickers Digest. Click here to access it. Mosaid was recently covered in the Stock Pickers Digest Hotline for October 21, 2011…