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MrMercato

possible cup & holder ( PT:$11)

Long
MrMercato Updated   
NASDAQ:RNET   None
Chart Patterns Trend Analysis Technical Indicators RNET
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chartpattern trendanalysis indicator rnet
Please note: I'm just sharing my view. its not a recommendation for buying or selling.
Comment:
RigNet (NASDAQ:RNET) inks agreement with Viasat, Pursuant to which, Viasat (NASDAQ:VSAT) will acquire RigNet in an all-stock transaction representing an EV of $222M, including RigNet's net debt as of Sept. 30, 2020.
RigNet's board of directors and largest stockholder support transaction.
RigNet stockholders to receive 0.1845 shares of Viasat stock per RigNet share, a 17.9% premium over both companies' 20-day volume-weighted average prices
Transaction expected to close by mid-calendar year 2021.
Comment:
forget about it.
“The fact is that if traders really believed that anything could happen at any time, there would be considerably fewer losers and more consistent winners.”
― Mark Douglas, Trading in the Zone
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