Given my tendency to follow the international markets, I have been passively watching All America Latina (OTCQX:ALLAY) ("ALL"), a Brazilian rail and logistics operator for some time now. However, 2013 was not a kind year to ALL, which saw its stock price drop precipitously in conjunction with various operational mishaps and the Argentine government revoking certain of its rail concessions.
(click to enlarge)
ALLAY data by YCharts
Like usual, however, low prices beget opportunity. Early in 2014, rumors of a potential takeover by a subsidiary of the Brazilian conglomerate Cosan surfaced ("Rumo"), marking the beginning of ALL's share price ascent on increasing volume.
On Tuesday, April 15, Bloomberg reported that ALL's Board of Director's agreed to a stock-for-stock...
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