Tuesday, September 8, 2009

ORH taken out by Fairfax, Portfolio up 2.7% today

OdysseyRe Receives Acquisition Proposal from Fairfax

ORH is up to $63 as per the close today. The proposal is for $60. I believe it will go through at around $65, however we are selling the position tomorrow at the open. This will represent a gain of 28% in a couple of months.

This money will be invested in current positions soon.

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