- Fewer Americans Have Retirement Accounts, New Study Says
- How to Get Into the Stock Market — Safely
- Take 5: A Roundup of Reads From Around the Web
- Got a Raise? Congrats. Now Boost Your Retirement Contribution
- Need Money? 7 Crowdfunding Sites to Give You Cash
- CFPB Says Bitcoin Is ‘Wild West’ of Finance World
- 10 Ways to Beat Inflation
- What You Need to Know About New Rules for Money Market Funds
Tyco Electronics announced this morning that it has signed an agreement to buy ADC Telecommunications for $12.75/share, a 44% premium to yesterday’s closing price of $8.54. The deal is expected to close in the final quarter of 2010.
Tyco said the deal will position the company “as a leading global provider of broadband connectivity products to carrier and enterprise networks around the world.”
ADC Telecom is a stock in my online portfolio. I purchased 1,000 shares at $7.37/share in October of 2009. What brought ADCT to my attention was research I did for this December 2009 story about investing in companies related to the mobile internet, something I consider to be a great investment theme in the years ahead.
If the ADC deal goes through, it will represent a one-year gain of 73%.
When it comes to offering money-related advice, I believe in putting my money where my mouth is. So far my real-money portfolio is doing well – keep an eye on it and see how it progresses. But don’t blindly buy the stocks you see there. These aren’t recommendations: they’re simply a way for me to remain accountable to people – like you – to whom I offer money advice.