Well, I now have some additional (unexpected) cash which is looking for a home. I own (owned) a modest position in Cypress Semiconductor (CY) which has gotten and accepted an all cash bid by Infineon (Germany).
CY has been a reasonable long term holding and has paid a decent dividend. I sold some of it off in my tax-deferred accounts and traded it a few times in one of my IRA's.
I decided to sell off the remainder of my position this morning after the stock popped on the all cash offer, figuring that I will end up having to pay the capital gains tax (most likely this year) anyway as they are hoping to get the deal done by year end. Also decided to cash in at a slight discount given all of the political uncertainty involving deal approval - although I seriously doubt this one would get held up by anyone.
If it had not been a cash deal, I would have likely held onto the position, especially since the holding is in a taxable account.
This does complicate my "contribute to Roth to the top of the 24% bracket" strategy (ugh), as with the capital gain I've pretty much used up what headroom I had.