May 2009: Sun Microsystems Acquisition
Stock: Sun Microsystems
Symbol: JAVA
Buyout Terms: Oracle (ORCL) is paying $9.50 cash for each JAVA share
Est. Closing Date: September 30th
Today’s date: May 4th
Today’s price: $9.13
Projections:
$/% Gain: $0.37/4.05%
Time frame: < 5 months
Annualized return: +9.9%