Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, April 24, 2009

Article Excerpt

MASTERS ENERGY, $1.92, Toronto symbol MSY on Toronto, has become the target of a second takeover offer. This week, Sun Century Petroleum, a Calgary-based private company, offered $1.95 a share in cash for each Masters share. On March 2, 2009, Masters received a friendly takeover offer from ZARGON ENERGY TRUST ($16.10, symbol ZAR.UN on Toronto). Zargon is offering Masters’ shareholders a cash option and a units-plus-cash option. Under the cash option, Zargon will pay $1.83 for each Masters common share tendered until it reaches its maximum cash payout. Any remainder will be paid in Zargon units. Under the second option, each Masters common share may be exchanged for 0.12 of a Zargon unit. This option will also be pro-rated according to Zargon’s unit and cash maximums. The second option is currently worth $1.93 per Masters share, based on the current price of Zargon units. Sun Century is managed by Alan Tang, who is also the president of Bayshore Petroleum, ($0.025, symbol BSH…