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Heritage-Crystal Clean trades through takeover offer on potential for higher bid

Jul. 20, 2023 10:28 AM ETHeritage-Crystal Clean, Inc (HCCI)CLHBy: Joshua Fineman, SA News Editor9 Comments
Used hydraulic engine oil as drained out in tray.

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Heritgage-Crystal Clean (NASDAQ:HCCI) jumped 10% and traded through its announced $45.50 a share sale to J.F. Lehman & Co. as at least one analyst sees a potential higher bid.

"We have previously speculated that CLH would be a natural fit as an

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Comments (9)

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NJ Trader profile picture
Good to see it trading higher. The premium, given their valuation, is a joke, and I question the board's motives for accepting it.
@NJ Trader

Agree. This makes no sense. ECOL was taken out by RSG at a higher multiple.
Sabermetrics profile picture
@Fred. L. At least $50 or more.
@Fred. L.
I remember half heartedly taking a small position in this name in upper twenties and lost interest to sell out of it. Congrats on calling this correctly.

P.S. Anything on the options front? I had some ET calls and took my 50% gain yesterday. Did not have conviction to go deep, although, I should have.
I have bought some calls of BUD with the intention of eventually exercising those and today sold puts and bought some calls on Discover . Any such moves? Banks worked out quite well (both USB and PNC) and I bought quite a bit of KEY, sub $10.
Lastly, thank you for LNC tip. It was just too cheap at almost ten dollars lower! Go figure.

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