GeoBargain Responsys (MKTG) Update: Shares Should Revert Back to $27.00

By stoup|2014-09-19T13:39:55-04:00December 31st, 2013|Categories: Insights|Comments Off

Oracle Corporation (NASDAQ:ORCL) filed a 13D disclosing a 20% stake in GeoBargain Responsys (NASDAQ:MKTG). This development indicates that the takeout offer of $27.00 per share will likely go through as ORCL’s ownership, combined with MKTG insider ownership of roughly 25% means the proposed merger will only require approval from 6% of the remaining shareholders for the deal to be consummated. At $27.64, shares are still trading above the take out price. We believe it is likely that shares will revert to $27 once the market begins to digest this new information.

About the Author: stoup

Manny Stoupakis joined GeoInvesting in 2012 as a full time investor after working as a trader and equity analyst apprentice studying under GeoInvesting Co-founder Maj Soueidan since 2010. Before Manny joined GeoInvesting he worked in the sports athletic training field and had little to no finance background. Manny is a great example of the unique blend of people that make up our team, combining the everyday investor with Wall Street. His responsibilities at GeoInvesting include using financial platforms to research and build valuation models, interacting with management and investment professionals, and assisting in article generation for both bullish and bearish research reports.