Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, September 19, 2014

Article Excerpt

CARFINCO FINANCIAL GROUP INC., $11.33, symbol CFN on Toronto, is the subject of a friendly takeover bid from Banco Santander of Spain (ADR symbol SAN on New York). The offer is for $11.25 a share in cash. Carfinco will also pay a special dividend of up to $0.10 a share when the deal closes. Carfinco is now trading at $11.33, which is just about equal to the value of the cash and special dividend. The company’s directors and executive officers, who collectively own a 12.9% stake, have agreed to support the deal. However, Carfinco could attract a rival bid, or significant shareholders, such as mutual funds, could hold out for a higher offer. We’ll say more as the takeover progresses, but for now Carfinco is a hold. Carfinco was recently covered in the September 2014 issue of Stock Pickers Digest. Click here to access it. Carfinco was recently covered in the August 2014 issue of Stock Pickers Digest. Click here to access it. ZARGON OIL &..

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