Daegis Buyout.

DAEG got a buy-out offer from Open Text Corp last night, but only at $.82 a share versus our valuation at $1.75 a share. So a “take-under”. We doubt any other offers higher than this will surface–DAEG is just too small to fight over.

While this is a 100% gain for the week, it is still a loss of 24% for our position.

Sell. Probably ok to hold on for the merger to happen, but this is always risky.

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