Saturday, February 27, 2010

The Risk Arbitrage Report for Mar 1, 2010

New Deals
Completed Deals
Miscellaneous

Merger Arbitrage Spreads for Mar 1, 2010


Target Ticker Acquirer Ticker Current Price Day Change Take Over
Price
Price Diff % Diff Date
Announced
The Allied Defens ADG Chemring Group Private $7.15 0.00% $7.25 0.10 1.40% 1/18/2010
Airvana Inc. AIRV 72 Mobile Holdings Private $7.63 -0.13% $7.65 0.02 0.26% 12/18/2009
Allied Capital Co ALD Ares Capital Corp ARCC $4.16 -0.24% $4.25 0.09 2.11% 10/26/2009
AMICAS Inc. AMCS Thoma Bravo, LLC Private $5.87 0.51% $5.35 -0.52 -8.86% 12/24/2009
Allegheny Energy AYE FirstEnergy Corpo FE $22.65 -1.31% $25.78 3.13 13.82% 2/11/2010
Bare Escentuals BARE Shiseido Co -- $18.18 -0.11% $18.20 0.02 0.11% 1/15/2010
Black & Decker Co BDK Stanley Works (Th SWK $72.47 2.19% $72.99 0.52 0.72% 11/2/2009
BJ Services Compa BJS Baker Hughes Inco BHI $21.85 0.05% $21.87 0.02 0.11% 8/31/2009
Bowne & Co. Inc. BNE R.R. Donnelley & RRD $11.13 -0.09% $11.50 0.37 3.32% 2/23/2010
BPW Acquisition C BPW Talbots Inc. (Th TLB $10.54 2.13% $11.25 0.71 6.74% 12/8/2009
CF Industries Hol CF Agrium Inc. Commo AGU $106.24 0.81% $109.75 3.51 3.30% 2/25/2009
Brink's Home Secu CFL Tyco Internationa TYC $41.85 0.58% $42.50 0.65 1.55% 1/19/2010
Chattem Inc. CHTT Sanofi-Aventis SA SNY $93.48 -0.01% $93.50 0.02 0.02% 12/21/2009
COMSYS IT Partner CITP Manpower Inc Comm MAN $17.48 0.00% $17.65 0.17 0.97% 2/2/2010
CKE Restaurants CKR Thomas H Lee Partners -- $11.37 27.61% $11.05 -0.32 -2.81% 2/26/2010
3Com Corporation COMS Hewlett-Packard C HPQ $7.63 -0.13% $7.90 0.27 3.54% 11/12/2009
Care Investment T CRE Liquidation -- $8.32 -0.83% $8.00 -0.32 -3.85% 12/11/2009
CRYSTAL RIVER CAP CYRV.OB Brookfield Asset Management -- $0.59 1.37% $0.60 0.01 1.69% 2/24/2010
Diedrich Coffee DDRX Green Mountain Co GMCR $34.60 -0.80% $35.00 0.40 1.16% 11/25/2009
Encore Acquisitio EAC Denbury Resources DNR $49.53 0.92% $50.00 0.47 0.95% 11/2/2009
First Chester Cou FCEC Tower Bancorp Inc TOBC $10.03 0.20% $11.70 1.67 16.61% 12/28/2009
FGX International FGXI Essilor -- $19.73 -0.05% $19.75 0.02 0.10% 12/16/2009
First Keystone Fi FKFS Bryn Mawr Bank Co BMTC $11.15 1.36% $14.18 3.03 27.17% 11/3/2009
FIRST LITCHFIELD FLFL.OB Union Savings Bank Private $14.75 0.00% $15.00 0.25 1.69% 10/26/2009
FortuNet Inc. FNET Yuri Gaming Trust -- $2.24 0.45% $2.25 0.01 0.45% 11/23/2009
Republic First Ba FRBK Metro Bancorp In METR $4.16 -2.12% $4.61 0.45 10.71% 11/10/2008
Cedar Fair L.P. FUN Siddur Holdings Private $11.16 -0.62% $11.50 0.34 3.05% 12/16/2009
GLOBAL MED TECH I GLOB.OB Haemonetics Corpo HAE $1.21 0.00% $1.22 0.01 0.83% 2/1/2010
Genesis Lease Lim GLS Aercap Holdings N AER $9.43 7.77% $9.51 0.08 0.85% 9/18/2009
HALIFAX CP HALX.PK Global Equity Capital, LLC Private $1.20 0.00% $1.20 0.00 0.00% 1/7/2010
HIGHBURY FINANCL HBRF.OB Affiliated Manage AMG $6.14 3.02% $6.83 0.69 11.17% 12/14/2009
Home Diagnostics HDIX Nipro Corp -- $11.52 -0.17% $11.50 -0.02 -0.17% 2/3/2010
Harleysville Nati HNBC First Niagara Fin FNFG $6.61 -1.20% $6.65 0.04 0.68% 7/27/2009
ICO Inc. ICOC A. Schulman Inc. SHLM $7.90 -0.13% $8.01 0.11 1.33% 12/2/2009
Interstate Hotels IHR Thayer Lodging Group Private $2.23 0.00% $2.25 0.02 0.90% 12/18/2009
Iowa Telecommunic IWA Windstream Corpor WIN $16.15 -0.43% $16.04 -0.11 -0.65% 11/24/2009
Javelin Pharmaceu JAV Myriad Pharmaceut MYRX $1.46 -2.01% $1.36 -0.10 -7.09% 12/18/2009
K-Tron Internatio KTII Hillenbrand Inc C HI $149.46 -0.01% $150.00 0.54 0.36% 1/11/2010
Lodgian Inc. New LGN Lone Star Funds Private $2.47 0.41% $2.50 0.03 1.21% 1/22/2010
STARLIMS Technolo LIMS Abbott Laboratori ABT $13.97 0.00% $14.00 0.03 0.21% 12/14/2009
North Asia Invest NHR PACIFIC CITY FINL PFCF.OB $9.96 0.00% $10.00 0.04 0.40% 1/14/2010
NRG Energy Inc. NRG Exelon Corporatio EXC $21.84 -1.04% $23.60 1.76 8.05% 10/19/2008
NURX PHARMACEUTIC NUXP.OB QUANTRX BIOMEDICA QTXB.OB $0.24 0.00% $0.51 0.27 112.37% 1/29/2010
OAK FINANCIAL COR OKFC.OB Chemical Financia CHFC $25.12 -1.10% $26.90 1.78 7.10% 1/8/2010
Whitman Corporati PAS Pepsico Inc. Com PEP $29.98 0.33% $29.99 0.01 0.02% 8/4/2009
Pepsi Bottling Gr PBG Pepsico Inc. Com PEP $38.23 -0.05% $38.36 0.13 0.35% 8/4/2009
Peco Ii Inc. PIII Lineage Power -- $5.75 -0.17% $5.86 0.11 1.91% 2/18/2010
Pinnacle Gas Reso PINN Scotia Waterou -- $0.33 -0.45% $0.34 0.01 3.50% 2/24/2010
Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.70 0.00% $11.71 0.01 0.09% 2/17/2010
QuadraMed Corpora QDHC Francisco Partners Private $8.45 0.00% $8.50 0.05 0.59% 12/8/2009
Switch & Data Fac SDXC Equinix Inc. EQIX $17.89 0.45% $18.48 0.59 3.30% 10/21/2009
Smith Internation SII Schlumberger N.V. SLB $40.99 0.39% $42.56 1.57 3.84% 2/22/2010
SkillSoft plc SKIL SSI Investments -- $11.09 0.54% $10.80 -0.29 -2.61% 2/12/2010
SKYTERRA COMMUNIC SKYT.OB Harbinger Capital Partners Private $4.87 -0.61% $5.00 0.13 2.67% 9/23/2009
Sinoenergy Corpor SNEN Company's chairman and president Private $1.68 -0.59% $1.90 0.22 13.10% 10/12/2009
Southern Connecti SSE Naugatuck Valley NVSL $6.51 0.16% $7.25 0.74 11.37% 2/23/2010
Silicon Storage T SSTI Microchip Technol MCHP $3.19 0.00% $3.00 -0.19 -5.96% 2/3/2010
SYNERGX SYS INC SYNX.PK Firecom Private $0.52 0.00% $0.60 0.08 15.38% 1/25/2010
Meridian Resource TMR Alta Mesa Holding Private $0.28 -3.04% $0.29 0.01 3.20% 12/23/2009
Terra Industries TRA Yara International -- $41.17 -0.15% $41.10 -0.07 -0.17% 2/15/2010
Youbet.com Inc. UBET Churchill Downs CHDN $2.71 0.37% $3.10 0.39 14.31% 11/12/2009
Varian Inc. VARI Agilent Technolog A $51.68 -0.04% $52.00 0.32 0.62% 7/26/2009
Western Sizzlin C WEST Steak n Shake Com SNS $8.80 0.00% $8.07 -0.73 -8.30% 10/22/2009
Waste Services I WSII IESI-BFC Ltd Comm BIN $10.08 1.51% $10.28 0.20 1.96% 11/12/2009
XTO Energy Inc. C XTO Exxon Mobil Corpo XOM $45.70 -0.04% $46.14 0.44 0.96% 12/14/2009
Zenith National I ZNT Fairfax Financial -- $38.09 -0.10% $38.00 -0.09 -0.24% 2/18/2010
Zareba Systems I ZRBA Woodstream -- $8.86 0.34% $9.00 0.14 1.58% 1/11/2010