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Investment Guru John Keeley Comments on Epoch Holdings

March 26, 2013 | About:
Another key factor in our outperformance during the quarter was a sharp increase in merger and acquisition activity. The portfolio didn't experience any takeovers until this quarter, when two names were acquired at a premium price. This provides us with optimism that momentum in M&A may continue in 2013. Epoch Holdings (NASDAQ:EPHC) was a notable contributor in the fourth quarter, rising over 19 percent after being acquired by TD Bank in December.

From Keeley Funds' fourth quarter 2012 investor letter.

Rating: 3.0/5 (2 votes)


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