{"id":4747,"date":"2014-06-11T12:13:36","date_gmt":"2014-06-11T12:13:36","guid":{"rendered":"\/?p=4747"},"modified":"2014-06-11T12:14:28","modified_gmt":"2014-06-11T12:14:28","slug":"cadus-corporation-otcbbkdus-jumps-on-buyout-news","status":"publish","type":"post","link":"\/articles\/cadus-corporation-otcbbkdus-jumps-on-buyout-news\/","title":{"rendered":"Cadus Corporation (OTCBB:KDUS) Jumps On Buyout News"},"content":{"rendered":"\n

Cadus Corporation (OTCBB:KDUS<\/a>) had been fluctuating quietly around the $1.52 mark with laughable dollar volumes up until yesterday, when its latest Form 4 hit the web and caused it to explode 10% up in a single session.<\/p>\n

One detail in the Form 4 certainly got people’s attention. It announced that Carl Icahn had bought 12.5 million shares of KDUS<\/a>‘s<\/strong> common stock on June 6 for $1.53 a piece. A quick check establishes that, at the time, the company’s stock was traded a whole 3 cents cheaper per share. The fact that Icahn was not only interested in buying vast amounts of shares shares, but was actually willing to do so at prices HIGHER<\/strong> than the daily close for the session was universally taken as an excellent sign by investors. <\/p>\n

Some research reveals that, after this purchase, Ichan now has a total of 17.8 million shares, which represents 67.81% of KDUS<\/a>‘s <\/strong>shares outstanding. This was also taken as a positive sign.<\/p>\n

Overall, this is an interesting and encouraging turn of events indeed. The fact that Carl Icahn has not only expressed his interest, but spent about $20 million on KDUS<\/a> <\/strong>stock can certainly be taken as a sign that the company shows a lot of promise. A look at KDUS<\/a>‘s <\/strong>latest 10-Q also gives room for hope:<\/p>\n