Sparton Corporation +22.57% over 2 month holding period
Catalyst Type: Potential Mergers & Acquisitions
Sparton Corporation is a submarine sonar manufacturer. It is one of three specialist manufacturers in this space, and the company’s senior management had put itself up for strategic review.
The company was eventually sold at $23.50/share, but we managed to trade and enter at $18.5172/share, selling out on the news the company sale was imminent at $22.6978/share before the sale was finally announced.
Our broker statement for this trade