My Prediction Re. The Next Tech M&A Deal
Forgive me if I blow my own horn a little bit.
In HP Acquires Palm -- Who's Next in Tech? (Apr. 30, 2010), I identified Sybase (NYSE: SY) as one of two potential acquisition targets in what I predicted would be a "boom in technology sector M&A transactions over the next twelve to eighteen months, during which the shareholders of target companies could earn substantial premiums".
Today, SAP (NYSE: SAP) announced that it has agreed to acquire Sybase in an all cash deal for $65/ share, a 56% premium to yesterday's closing price.
Obviously, there is a share of luck involved here -- particularly with regard to the timing; however, I'm pretty chuffed to have gotten this right.