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Seeking Truth From Facts – Monday, November 04, 2013

|Includes:Anaren, Inc. (ANEN)

Anaren Agrees to be Acquired by Veritas Capital in a Cash Transaction

Disclosure: I am long ANEN.

Additional disclosure: We presented this long idea and position at a hedge fund investment conference.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: ANEN