AmeriCredit Corp. (ACF)

[surf guy]

Shareholder Update on Buyout of AmeriCredit by GM by Tripp Levy PLLC

Tripp Levy PLLC announces an investigation into the proposed acquisition of AmeriCredit Corp. (NYSE: ACF). On July 22, 2010, General Motors (NYSE: GM) announced that it is proposing to acquire all of the outstanding shares of common stock of AmeriCredit for $24.50 per share in cash. In addition, AmeriCredit’s two largest shareholders, who own approx. 50% of all outstanding shares of common stock of AmeriCredit, and who has members on the Board of Directors of AmeriCredit, have voted in favor of the transaction.
AmeriCredit’s management team are expected to remain with the Company following completion of the transaction as well as vote in favor of the acquisition. Further, following completion of the transaction, GM said it is considering going public, which will further enhance AmeriCredit’s directors and management, including its two largest shareholders. This was confirmed by The New York Times which reported today that GM may in fact file for an initial public offering by August 13, 2010.
If you own AmeriCredit common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact
Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: [e-mail]
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Contact:
Tripp Levy PLLC
Tripp Levy, 877-772-3975
[e-mail]

[stfan]

Wouldn't touch this stock with a ten foot pole

[stocksablaze]

OH got my alert set thanks!!

[OptionMonster]

Heads up...Heading under $10...

[Fedex11 ©]

weeeeeeeeeeeeee cheapies

[OptionMonster]

Getting cheaper Blaze...Come on under $10!!

[stocksablaze]

nice thanks! yeah those days were something man! atm!!

[OptionMonster]

Just a heads up..P/E dropped under 10 again..Another week like this and we may see our traditional under $10 again..Man I miss those days of under $10 and BOING here!

[stocksablaze]

oh great thanks google lol

[stocksablaze]

hmmm yeah, very cool... hopefully this won't be sustained. volume not huge, guessing it will be a little pop.. but bollies are pinched and so far the move is up.

[OptionMonster]

That explained the unusual option activity..See how that comes together now?

[OptionMonster]

I think opportunity will present itself again my fine sir!

[stocksablaze]

DOH I knew it was going to buy yesterday grrrr

[OptionMonster]

lol

[stocksablaze]

nooooooo stop go the other way!

[OptionMonster]

Let's see that 52 week low!

[stocksablaze]

keep going down!

[stocksablaze]

awesome... um still haven't gotten into that yet lol :/

[OptionMonster]

Not going with the stock this time..Monitoring the options still..May start grabbing some of those shortly

[stocksablaze]

yeah looks real good under 10.00...you in?

[OptionMonster]

Very good..CALL volume on the MAY $15 is up there..Over 1,400 today

[stocksablaze]

awesome... i hit it nice with frpt loaded 4k shares at 1.18, sold some last thursday at 3.10:) now i have a long position @ 0.00 :)

[stocksablaze]

http://biz.yahoo.com/t/94/96.html
Leucadia buying the crap out of ACF!

hMMMMMMMMMMMMMMMMM

[OptionMonster]

230 Million outstanding shares..An offer of $15-$17.50 would be cheap for the size of the portfolio ACF is carrying

[OptionMonster]

Thanks bro..Caught alot of "Tells" over the week and hand to jump on my gut feeling...

[stocksablaze]

NO i did now! NICE man!!

[OptionMonster]

Sure as heck looking that way..Alot of intresting events have been taking place over the last couple of months..Did you see my hit on CC?

[stocksablaze]

buyout?

[stocksablaze]

bigger PPS coming!?!$$$$$$$$

[OptionMonster]

CALL Option activity is leading me to think..............

[stocksablaze]

hmmmmmmmmmmmmm is right!

[OptionMonster]

Finding it awful strange based on the 13 Filings that 3 funds have nearly 50% of the stock..Things that make you go HMMMMMMMMMMMMMM??????????

[OptionMonster]

So close to $10 and boing..Dang it!

[OptionMonster]

Perhaps...The downgrade to Neutral may have been what we were looking for! I think the firm that now has a 26.5% stake has been supporting it in the double digits..They can't do it forever! Bring on the $9!!!!!!

[stocksablaze]

haha are you saying this atm machine will be working again?

[OptionMonster]

I was drooling bro! It almost made it under $10!

[stocksablaze]

nice whata ya know, back to this, cpss, and etfc for me. what a market lol

[OptionMonster]

Here it is bro! Just what we needed to get this puppy under $10!! 6-Mar-08 Sun Trust Rbsn Humphrey Downgrade From Buy To Neutral

[stocksablaze]

yep sure looks that way.. moving steady

[OptionMonster]

Nope..Still praying for under $10..Do not know if we will see that again..Seems like they are supporting the PPS

[stocksablaze]

you still own any of this puppy leo?

[OptionMonster]

Intresting..These guys added another 1.5% to their position.. Leucadia National Corporation 30,361,440 Shares 26.5%
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5760598&Type=HTML

[OptionMonster]

Getting close to that magic $10 again! lol

[OptionMonster]

Should have grabbed some of those ARII's in the upper $15's yesterday bro! That was EASY $$$$$$$$$$$

[stocksablaze]

yep to risky... sounds good, thanks:)

[OptionMonster]

I could not bro..I will be doing the number crunching this coming weekend to find that trading range like I did this past quarter..I will let you know as soon as I am done

[stocksablaze]

man and i was gonna go again at 9.40 yesterday lol ATM bro

[stocksablaze]

yep i hear ya im just watchin it...

[OptionMonster]

Could not bring myself to get any..Waiting for it to establish a trading range like it did the last couple of months.

[stocksablaze]

...nice comeback from this mornings low lol