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Chris DeMuth Jr. is the founder of Rangeley Capital LLC. Rangeley is an investment firm that focuses on event driven, value-oriented investment opportunities. Rangeley Capital and his value investing forum, Sifting the World (StW), search the world for misplaced bets. Rangeley exploits them for... More
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  • Seeking Truth From Facts – Thursday, September 12, 2013 4 comments
    Sep 12, 2013 10:15 AM | about stocks: MRK

    Cubist Pharmaceuticals Completes Acquisition of Trius Therapeutics

    Disclosure: I am long TSRX.

    Additional disclosure: Chris DeMuth Jr is a portfolio manager at Rangeley Capital, a partnership that invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking that value through corporate events. In order to maximize total returns for our partners, we reserve the right to make investment decisions regarding any security without further notification except where such notification is required by law.

    Stocks: MRK
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Comments (4)
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  • sofos
    , contributor
    Comments (127) | Send Message
     
    According to the Cubist announcement TSRX would cease being traded on 9/11/13. How come it is still traded today? Does that say something?
    12 Sep 2013, 02:49 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11447) | Send Message
     
    Author’s reply » No. Doesn't really say something. Just the closing mechanics. Mine has been taken and it doesn't show up as tradable on IBKR.
    12 Sep 2013, 03:30 PM Reply Like
  • Special Situations and Arbs
    , contributor
    Comments (1448) | Send Message
     
    TSRX hasn't traded a single share today.
    Good luck to all with the CVR. I have more of them than I intented but not as much as I should if that makes any sense.
    12 Sep 2013, 03:52 PM Reply Like
  • rootbeer
    , contributor
    Comments (321) | Send Message
     
    The next TSRX? DRTX

     

    http://bit.ly/18Ua6oK
    12 Sep 2013, 04:54 PM Reply Like
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