TradeStation Group Inc. (TRAD) said it will be acquired by Toyko-based online securities brokerage Monex Group Inc. (MNXBY, 8698.TO) for about $411 million. Under the terms of the agreement, Monex will pay $9.75 for each TradeStation share, a premium of 32% above Wednesday’s closing price. TradeStation’s sahres surged 31% to $9.68 in pre-market trading.
TRAD is one of my largest holdings. TRAD has looked ripe for a take over based on its value, no debt and low stock price.
Here are my previous posts regarding TRAD