Merger Arbitrage Spreads for Feb 10, 2010

Name	Ticker	Acquirer	Ticker	Current Price	Day Change	Take Over Price	Price Diff	% Diff	Vol	3 Month Vol	Date Announced
ALLIED DEFENSE GR	ADG	Chemring Group	London	$7.19	0.14%	$7.25	0.06	0.83%	31,100	80,884	1/18/2010
Airvana Inc.	AIRV	72 Mobile Holdings	Private	$7.57	0.00%	$7.65	0.08	1.06%	265,775	557,245	12/18/2009
ALLIED CAP CORP	ALD	Ares Capital Corp	ARCC	$3.85	2.39%	$3.82	-0.03	-0.73%	4,208,660	2,168,170	10/26/2009
AMICAS Inc.	AMCS	Thoma Bravo, LLC	Private	$5.35	0.00%	$5.35	0.00	0.00%	427,654	388,137	12/24/2009
Bare Escentuals	BARE	Shiseido Co	--	$18.16	0.22%	$18.20	0.04	0.22%	3,243,241	3,416,790	1/15/2010
BLACK DECKER CP	BDK	STANLEY WORKS THE	SWK	$68.63	1.36%	$69.13	0.50	0.73%	709,826	1,040,310	11/2/2009
BioForm Medical	BFRM	Merz Pharma Group	Private	$5.44	0.00%	$5.45	0.01	0.18%	108,181	387,858	12/31/2009
BJ SERVICES CO	BJS	BAKER HUGHES INTL	BHI	$20.76	2.12%	$20.93	0.17	0.80%	9,728,192	4,854,240	8/31/2009
BURLINGTN N SANTE	BNI	BERKSHIRE HATH HL	BRK-A	$99.91	0.17%	$100.01	0.10	0.10%	4,238,334	4,965,160	11/3/2009
BPW ACQUISITION C	BPW	TALBOTS INC	TLB	$10.00	-0.20%	$11.25	1.25	12.50%	1,110,596	941,227	12/8/2009
CF IND HLDGS INC	CF	AGRIUM INC.	AGU	$95.80	3.77%	$105.68	9.88	10.31%	900,546	1,451,750	2/25/2009
BRINK'S HOME SECU	CFL	TYCO INTL LTD SW	TYC	$40.77	0.54%	$42.50	1.73	4.24%	843,008	931,724	1/19/2010
Chattem Inc.	CHTT	SANOFI-AVENTIS SA	SNY	$93.50	0.19%	$93.50	0.00	0.00%	568,863	640,155	12/21/2009
COMSYS IT Partner	CITP	MANPOWER INC	MAN	$17.47	0.11%	$17.65	0.18	1.03%	261,181	367,837	2/2/2010
3Com Corporation	COMS	HEWLETT PACKARD C	HPQ	$7.48	0.27%	$7.90	0.42	5.61%	4,590,777	17,853,200	11/12/2009
CARE INVESTMENT T	CRE	Liquidation		$8.20	0.49%	$8.00	-0.20	-2.44%	53,752	187,381	12/11/2009
Diedrich Coffee	DDRX	Green Mountain Co	GMCR	$34.66	0.03%	$35.00	0.34	0.98%	33,445	145,856	11/25/2009
ENCORE ACQUISITIO	EAC	DENBURY RES INC (	DNR	$49.20	0.96%	$50.00	0.80	1.63%	1,124,276	962,977	11/2/2009
First Chester Cou	FCEC	Tower Bancorp Inc	TOBC	$10.10	0.80%	$11.70	1.60	15.85%	5,190	23,706	12/28/2009
FRANKLIN ELECTR P	FEP	Saunder Acquisition	Private	$2.46	-0.81%	$2.50	0.04	1.63%	300	4,542	6/1/2009
FGX International	FGXI	Essilor		$19.72	0.05%	$19.75	0.03	0.15%	114,859	515,845	12/16/2009
FINANCIAL FED CP	FIF	People's United F	PBCT	$26.71	1.17%	$26.78	0.07	0.26%	288,511	468,976	11/23/2009
HEALTH FITNESS CO	FIT	Trustmark Mutual Holding Company	Private	$8.75	-0.11%	$8.78	0.03	0.34%	101,253	224,861	1/21/2010
First Keystone Fi	FKFS	Bryn Mawr Bank Co	BMTC	$11.47	0.61%	$12.83	1.36	11.89%	4,900	5,527	11/3/2009
FIRST LITCHFIELD	FLFL.OB	Union Savings Bank	Private	$14.56	0.00%	$15.00	0.44	3.02%	0	1,102	10/26/2009
FortuNet Inc.	FNET	Yuri Gaming Trust		$2.24	0.00%	$2.25	0.01	0.45%	31,705	43,831	11/23/2009
Republic First Ba	FRBK	Metro Bancorp In	METR	$4.05	3.32%	$4.30	0.25	6.21%	11,497	26,353	11/10/2008
CEDAR FAIR LP	FUN	Siddur Holdings	Private	$11.89	0.25%	$11.50	-0.39	-3.28%	478,467	743,377	12/16/2009
GLOBAL MED TECH I	GLOB.OB	HAEMONETICS CP	HAE	$1.20	0.00%	$1.22	0.02	1.67%	162,650	107,936	2/1/2010
GENESIS LEASE LIM	GLS	AERCAP HOLDINGS N	AER	$7.67	-1.16%	$7.76	0.09	1.17%	272,948	161,185	9/18/2009
HALIFAX CP	HALX.PK	Global Equity Capital, LLC	Private	$1.18	0.00%	$1.20	0.02	1.69%	7,700	0	1/7/2010
HIGHBURY FINANCL	HBRF.OB	AFFILIATED MGRS G	AMG	$5.39	-1.10%	$6.03	0.64	11.95%	30,332	0	12/14/2009
Home Diagnostics	HDIX	Nipro Corp	--	$11.46	0.09%	$11.50	0.04	0.35%	635,461	297,389	2/3/2010
Harleysville Nati	HNBC	First Niagara Fin	FNFG	$6.25	0.64%	$6.35	0.10	1.55%	251,756	225,194	7/27/2009
ICO Inc.	ICOC	A. Schulman Inc.	SHLM	$7.60	1.06%	$7.69	0.09	1.21%	450,671	326,735	12/2/2009
INTERSTATE HTLS	IHR	Thayer Lodging Group	Private	$2.22	0.00%	$2.25	0.03	1.35%	11,023	335,452	12/18/2009
IOWA TELECOM SVCS	IWA	Windstream Corpor	WIN	$16.20	0.93%	$16.04	-0.16	-1.01%	218,592	586,453	11/24/2009
JAVELIN PHARMACEU	JAV	Myriad Pharmaceut	MYRX	$1.17	1.74%	$1.20	0.03	2.19%	369,275	700,544	12/18/2009
K-Tron Internatio	KTII	HILLENBRAND INC	HI	$149.14	0.03%	$150.00	0.86	0.58%	50,287	24,210	1/11/2010
LODGIAN INC	LGN	Lone Star Funds	Private	$2.47	0.41%	$2.50	0.03	1.21%	19,200	68,244	1/22/2010
STARLIMS Technolo	LIMS	ABBOTT LABORATORI	ABT	$13.96	0.29%	$14.00	0.04	0.29%	3,672	53,990	12/14/2009
LANDRY'S RESTAURA	LNY	Tilman Fertitta, CEO		$20.10	0.05%	$14.75	-5.35	-26.62%	46,635	112,913	11/3/2009
NORTH ASIA INVEST	NHR	PACIFIC CITY FINL	PFCF.OB	$9.98	0.20%	$10.77	0.79	7.91%	2,200	15,595	1/14/2010
NRG ENERGY INC	NRG	EXELON CORPORATIO	EXC	$21.89	1.39%	$24.10	2.21	10.10%	4,363,016	4,467,890	10/19/2008
NURX PHARMACEUTIC	NUXP.OB	QUANTRX BIOMEDICA	QTXB.OB	$0.24	0.00%	$0.54	0.30	125.24%	0	0	1/29/2010
OAK FINANCIAL COR	OKFC.OB	Chemical Financia	CHFC	$24.65	-2.38%	$26.15	1.50	6.07%	2,065	567	1/8/2010
ON2 TECHNOLOGIES	ONT	Google Inc.	GOOG	$0.67	-0.59%	$0.69	0.02	2.45%	501,921	1,559,080	8/5/2009
PEPSIAMERICAS INC	PAS	PEPSICO INC	PEP	$29.28	1.14%	$29.33	0.05	0.17%	603,263	386,658	8/4/2009
PEPSI BOTTLING GR	PBG	PEPSICO INC	PEP	$37.43	1.08%	$37.56	0.13	0.35%	2,905,737	1,685,200	8/4/2009
QuadraMed Corpora	QDHC	Francisco Partners	Private	$8.44	0.48%	$8.50	0.06	0.71%	44,281	87,679	12/8/2009
IMS HEALTH INC	RX	TPG Capital & Canada Pension Plan	Private	$21.87	0.32%	$22.00	0.13	0.59%	4,620,566	4,804,330	11/5/2009
Switch & Data Fac	SDXC	Equinix Inc.	EQIX	$17.55	1.45%	$18.25	0.70	4.01%	22,854	369,411	10/21/2009
SKYTERRA COMMUNIC	SKYT.OB	Harbinger Capital Partners	Private	$4.90	0.00%	$5.00	0.10	2.04%	0	4,981	9/23/2009
Sinoenergy Corpor	SNEN	Company's chairman and president	Private	$1.71	-2.84%	$1.90	0.19	11.11%	2,800	50,169	10/12/2009
Silicon Storage T	SSTI	Microchip Technol	MCHP	$2.84	0.00%	$2.85	0.01	0.35%	329,513	652,810	2/3/2010
SYNERGX SYS INC	SYNX.PK	Firecom	Private	$0.51	0.00%	$0.60	0.09	17.65%	0	4,580	1/25/2010
MERIDIAN RES CP	TMR	Alta Mesa Holding	Private	$0.28	-2.50%	$0.29	0.01	3.46%	160,610	679,766	12/23/2009
Youbet.com Inc.	UBET	Churchill Downs	CHDN	$2.69	1.13%	$3.02	0.33	12.29%	72,087	418,676	11/12/2009
Varian Inc.	VARI	AGILENT TECH INC	A	$51.51	0.10%	$52.00	0.49	0.95%	297,214	579,245	7/26/2009
Western Sizzlin C	WEST	THE STEAK N SHAKE	SNS	$8.71	-0.23%	$8.07	-0.64	-7.35%	1,300	2,384	10/22/2009
Waste Services I	WSII	IESI-BFC LTD	BIN	$9.48	-0.11%	$9.67	0.19	1.95%	72,527	306,687	11/12/2009
XTO ENERGY INC	XTO	EXXON MOBIL CP	XOM	$45.63	1.47%	$46.28	0.65	1.42%	13,020,520	13,952,900	12/14/2009
ZiLOG Inc.	ZILG	IXYS Corporation	IXYS	$3.58	0.28%	$3.59	0.01	0.16%	23,374	206,858	12/7/2009
Zareba Systems I	ZRBA	Woodstream	--	$8.82	1.03%	$9.00	0.18	2.04%	928	17,932	1/11/2010