Columbia Wanger Asset Management, LLC Has Sold Off Its Prior Stake — Yet Another Post Oracle Post Scriptum.

textura-cw-05-05-2016Here is the just-amended (Final) SEC Schedule 13G:

May 5, 2016: Less than 5% (closing filing)….

It is highly likely that the Columbia-Wanger entities sold just above, or very-near $26 — after the Oracle announcement. We know one will say, for certain. Because no one is required to.

Now you know — at least as much as we know.

Apparently these entities want no part of any merger arbitrage — they are happy to vote with their feet, at $26. Makes sense, since they likely got in at something near $19 (on a weighted average basis). But that too is a pure guess.

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