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Americredit Corp.

Americredit Corp. (ACF)

24.46
0.00
(0.00%)
Closed December 04 3:00PM
0.00
0.00
(0.00%)

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surf guy surf guy 14 years ago
Shareholder Update on Buyout of AmeriCredit by GM by Tripp Levy PLLC

Tripp Levy PLLC announces an investigation into the proposed acquisition of AmeriCredit Corp. (NYSE: ACF). On July 22, 2010, General Motors (NYSE: GM) announced that it is proposing to acquire all of the outstanding shares of common stock of AmeriCredit for $24.50 per share in cash. In addition, AmeriCredit’s two largest shareholders, who own approx. 50% of all outstanding shares of common stock of AmeriCredit, and who has members on the Board of Directors of AmeriCredit, have voted in favor of the transaction.
AmeriCredit’s management team are expected to remain with the Company following completion of the transaction as well as vote in favor of the acquisition. Further, following completion of the transaction, GM said it is considering going public, which will further enhance AmeriCredit’s directors and management, including its two largest shareholders. This was confirmed by The New York Times which reported today that GM may in fact file for an initial public offering by August 13, 2010.
If you own AmeriCredit common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact
Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Contact:
Tripp Levy PLLC
Tripp Levy, 877-772-3975
contact@tripplevy.com
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stfan stfan 15 years ago
Wouldn't touch this stock with a ten foot pole
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stocksablaze stocksablaze 16 years ago
OH got my alert set thanks!!


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OptionMonster OptionMonster 16 years ago
Heads up...Heading under $10...
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Fedex11 © Fedex11 © 16 years ago
weeeeeeeeeeeeee cheapies
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OptionMonster OptionMonster 16 years ago
Getting cheaper Blaze...Come on under $10!!
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stocksablaze stocksablaze 17 years ago
nice thanks! yeah those days were something man! atm!!
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OptionMonster OptionMonster 17 years ago
Just a heads up..P/E dropped under 10 again..Another week like this and we may see our traditional under $10 again..Man I miss those days of under $10 and BOING here!
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stocksablaze stocksablaze 17 years ago
oh great thanks google lol
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stocksablaze stocksablaze 17 years ago
hmmm yeah, very cool... hopefully this won't be sustained. volume not huge, guessing it will be a little pop.. but bollies are pinched and so far the move is up.
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OptionMonster OptionMonster 17 years ago
That explained the unusual option activity..See how that comes together now?
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OptionMonster OptionMonster 17 years ago
I think opportunity will present itself again my fine sir!
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stocksablaze stocksablaze 17 years ago
DOH I knew it was going to buy yesterday grrrr
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OptionMonster OptionMonster 17 years ago
lol
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stocksablaze stocksablaze 17 years ago
nooooooo stop go the other way!
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OptionMonster OptionMonster 17 years ago
Let's see that 52 week low!
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stocksablaze stocksablaze 17 years ago
keep going down!
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stocksablaze stocksablaze 17 years ago
awesome... um still haven't gotten into that yet lol :/
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OptionMonster OptionMonster 17 years ago
Not going with the stock this time..Monitoring the options still..May start grabbing some of those shortly
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stocksablaze stocksablaze 17 years ago
yeah looks real good under 10.00...you in?
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OptionMonster OptionMonster 17 years ago
Very good..CALL volume on the MAY $15 is up there..Over 1,400 today
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stocksablaze stocksablaze 17 years ago
awesome... i hit it nice with frpt loaded 4k shares at 1.18, sold some last thursday at 3.10:) now i have a long position @ 0.00 :)
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stocksablaze stocksablaze 17 years ago
http://biz.yahoo.com/t/94/96.html
Leucadia buying the crap out of ACF!

hMMMMMMMMMMMMMMMMM
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OptionMonster OptionMonster 17 years ago
230 Million outstanding shares..An offer of $15-$17.50 would be cheap for the size of the portfolio ACF is carrying
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OptionMonster OptionMonster 17 years ago
Thanks bro..Caught alot of "Tells" over the week and hand to jump on my gut feeling...
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stocksablaze stocksablaze 17 years ago
NO i did now! NICE man!!
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OptionMonster OptionMonster 17 years ago
Sure as heck looking that way..Alot of intresting events have been taking place over the last couple of months..Did you see my hit on CC?
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stocksablaze stocksablaze 17 years ago
buyout?
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stocksablaze stocksablaze 17 years ago
bigger PPS coming!?!$$$$$$$$
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OptionMonster OptionMonster 17 years ago
CALL Option activity is leading me to think..............
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stocksablaze stocksablaze 17 years ago
hmmmmmmmmmmmmm is right!
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OptionMonster OptionMonster 17 years ago
Finding it awful strange based on the 13 Filings that 3 funds have nearly 50% of the stock..Things that make you go HMMMMMMMMMMMMMM??????????
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OptionMonster OptionMonster 17 years ago
So close to $10 and boing..Dang it!
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OptionMonster OptionMonster 17 years ago
Perhaps...The downgrade to Neutral may have been what we were looking for! I think the firm that now has a 26.5% stake has been supporting it in the double digits..They can't do it forever! Bring on the $9!!!!!!
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stocksablaze stocksablaze 17 years ago
haha are you saying this atm machine will be working again?
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OptionMonster OptionMonster 17 years ago
I was drooling bro! It almost made it under $10!
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stocksablaze stocksablaze 17 years ago
nice whata ya know, back to this, cpss, and etfc for me. what a market lol
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OptionMonster OptionMonster 17 years ago
Here it is bro! Just what we needed to get this puppy under $10!! 6-Mar-08 Sun Trust Rbsn Humphrey Downgrade From Buy To Neutral
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stocksablaze stocksablaze 17 years ago
yep sure looks that way.. moving steady
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OptionMonster OptionMonster 17 years ago
Nope..Still praying for under $10..Do not know if we will see that again..Seems like they are supporting the PPS
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stocksablaze stocksablaze 17 years ago
you still own any of this puppy leo?
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OptionMonster OptionMonster 17 years ago
Intresting..These guys added another 1.5% to their position.. Leucadia National Corporation 30,361,440 Shares 26.5%
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=5760598&Type=HTML
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OptionMonster OptionMonster 17 years ago
Getting close to that magic $10 again! lol
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OptionMonster OptionMonster 17 years ago
Should have grabbed some of those ARII's in the upper $15's yesterday bro! That was EASY $$$$$$$$$$$
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stocksablaze stocksablaze 17 years ago
yep to risky... sounds good, thanks:)
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OptionMonster OptionMonster 17 years ago
I could not bro..I will be doing the number crunching this coming weekend to find that trading range like I did this past quarter..I will let you know as soon as I am done
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stocksablaze stocksablaze 17 years ago
man and i was gonna go again at 9.40 yesterday lol ATM bro
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stocksablaze stocksablaze 17 years ago
yep i hear ya im just watchin it...
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OptionMonster OptionMonster 17 years ago
Could not bring myself to get any..Waiting for it to establish a trading range like it did the last couple of months.
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stocksablaze stocksablaze 17 years ago
...nice comeback from this mornings low lol
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