The Successful Investor Hotline – Friday, January 27, 2012

Article Excerpt

GENNUM CORP., $13.48, Toronto symbol GND, jumped 119.2% this week after it accepted a $13.55-a-share takeover offer from U.S.-based Semtech Corp. (Nasdaq symbol SMTC). Gennum designs electronic equipment and computer chips that let television broadcasters store, edit and transfer video signals without losing picture quality. It also designs chips that make computer networks faster. The company’s shares are now trading just below Semtech’s offer. This indicates that investors do not expect a higher price. Regulators and Gennum shareholders must still approve the deal, but it should close in April 2012. Gennum investors should tender their shares to Semtech to receive the full $13.55 a share without paying brokerage fees. Gennum was recently covered in the February 2012 issue of The Successful Investor. Click here to access it. Gennum was recently covered in The Successful Investor Hotline for September 23, 2011. Click here to access it. CANADIAN PACIFIC RAILWAY LTD., $71.49, Toronto symbol CP, reported lower earnings this week. The company’s earnings fell 12.4% in 2011, to…