Special Situation Investing

Saturday, March 24, 2007

State Street Financial (SSFC) - Going Private Transaction

Well it's now official. After a shareholder vote, SSFC will be repurchasing from shareholders with fewer than 750 shares for $10 a pop. The stock closed around $8.60. I obviously didn't get rich off of this one but it was low risk and a high rate of return relative to the time I was invested.

More details on SSFC here.

8 Comments:

  • Have you received the preferred stock for conversion? Thank you!

    By Anonymous Anonymous, at 4:31 AM  

  • I'm curious if you have sold your shares back to the company yet. If so, could you tell us how you did it? I happen to have a few hundred shares as well. Thank you very much!

    By Anonymous Anonymous, at 10:17 AM  

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    By Anonymous Anonymous, at 1:11 AM  

  • This comment has been removed by the author.

    By Blogger VRaghunath, at 6:13 PM  

  • change state street to south street immediately.

    By Anonymous Anonymous, at 6:14 PM  

  • This message is from the owner of this blog to the state street employees who are complaing about this entry.

    I no longer have access to this blog having lost both the password and the email account behind the blog having expired. Hence I cannot change this blog entry.

    If you find this blog post to offensive to your company's reputation I would recommend you contact google, which owns blogger, and have them remove the blog.

    By Anonymous Anonymous, at 9:01 PM  

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