Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of electricity generator UNS Energy (NYSE: UNS ) jumped 28% today after the company agreed to be acquired by Fortis.
So what: Canada's largest investor-owned gas and electric utility will pay $60.25 per share in cash to acquire UNS Energy. The transaction will require the approval of shareholders and regulators and probably won't be completed until the second half of next year.
Now what: For UNS Energy shareholders, there's not a lot of upside to hanging onto the stock now. It may be a year before the deal closes and there's only about $1.75 per share in upside at the current offer price. By selling now you take a nice gain and avoid any snags to the deal. That's what I would do if I owned shares.
A few dividend stocks for your portfolio
UNS Energy was a great dividend stock and if you're selling and looking for great dividends to replace it our analysts sat down to identify the absolute best of the best when it comes to rock-solid dividend stocks. To discover the identities of these companies before the rest of the market catches on, you can download this valuable free report by simply clicking here now.