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Marshall Hargrave
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Former registered investment adviser rep and current entrepreneur. Now running an equity research company. Affinity for activist campaigns and targeted stocks. Check out our newsletter and activist model portfolio at stockpucker.com and follow us on twitter @stockpucker
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  • Merger-Arb With Ariel Investments A Gamble? WMS Industries (WMS) And More 0 comments
    Feb 21, 2013 3:28 PM | about stocks: WMS-OLD, SGMS

    WMS Industries (NYSE:WMS) saw its stock soar over 40% in January on the news that Scientific Games (NASDAQ:SGMS) would purchase the company for $26 per share in cash. The stock currently trades around $25, suggesting 4% upside still remains if the deal goes through. Both companies are makers of lottery and gaming hardware and software.

    The mutual fund management firm, Ariel Investments - ran by John Rogers (pictured), appears to be betting that the deal does go through, upping its stake in WMS Industries (NYSE:WMS) to over 4.29 million shares, or 7.9% of the company's outstanding shares. Other big-named investors who dove into WMS Industries (NYSE:WMS) following the announcement includes BlackRock, now owning 4 million shares, and Artisan Partners with over 2.9 million shares.

    read the rest at the stockpucker blog...

    Themes: Ariel Investments Stocks: WMS-OLD, SGMS
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