Savvy Trades and Investments

[researcher59]

RLYP +11.70 to 31.80 on the takeover news. I still hold a bunch of shares that I fortunately chose not to write covered calls on after the July option expiration last Friday.

BERNE, Switzerland, and REDWOOD CITY, Calif., July 21, 2016 (GLOBE NEWSWIRE) -- Galenica Group (SIX:GALN) and Relypsa, Inc. (NASDAQ:RLYP) today announced that the companies have entered into a definitive agreement under which Galenica will acquire Relypsa. This transaction further strengthens Galenica’s Business unit, Vifor Pharma, as the company will gain full global rights to the potassium binder Veltassa® (patiromer) for oral suspension and enhance its growing position as a global specialty pharmaceutical company. Under the terms of the merger agreement, Galenica will pay $32 per share in cash, or a total of approximately $1.53 billion. Through this acquisition, Vifor Pharma will gain a fully-integrated commercial organization in the United States and significantly strengthen its presence in the U.S. cardio-renal market, a key area of focus.


RLYP was a nice find by Value1008 last November and I've trading and hedging around a core position ever since .....

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118458527&txt2find=rlyp