Q: I bought BLX on February 04. Made a nice gain in a short time. Would selling now at small discount from $37.25 and purchase NPI as replacement.
5i Research Answer:
Generally, we prefer to wait on any takeover to see if a third party emerges. In this deal, with a 32% premium and two very strong partners as the buyers, we doubt any other party will want to get involved in a bidding war. Thus, we would be fine with the proposed plan of action in the question.