Replies to post #89900 on Savvy Trades and Investments

[OBrien]

I bought IEC (IECE then) at .44 and sold somewhere around $2. Should had held some and forgot about them heh.
GL to ya tomorrow!

[hweb2]

Interesting on IEC. Up 10% AH for no reason? I'd have jumped all over that bid and lightened up. As that would be a nice pop AFTER a strong report.

Hope I'm wrong about earnings in the AM. Sounds like fiscal Q3 will rebound from the poor Q2, but think it'll be a flattish quarter at best vs. last year.

[2morrowsGains]

IEC...HUGE HUGE NEWS...IEC Electronics Corp. (NASDAQ:IEC) (“IEC”) and Creation Technologies Inc. (“Creation”) today jointly announced the signing of a definitive merger agreement under which Creation will acquire all outstanding shares of IEC for $15.35 per share in cash, representing a fully diluted equity value of approximately $173.8 million and an aggregate enterprise value of $242.3 million, based upon net debt of $68.6 million. The transaction has been unanimously approved by the Boards of Directors of both companies.