The Risk Arbitrage Report for Feb 22, 2010

Completed Deals

• Berkshire Hathaway (BRKA) completes acquisition of Burlington Northern (BNI). 
• Google (GOOG) completes acquisition of On2 (ONT).
• IXYS Corp (IXYS) completes acquisition of Zilog (ZILG).
• Merz Pharma completes acquisition of BioForm Medical (BFRM).
• People's United Financial (PBCT) completes acquisition of Financial Federal Corp (FIF).

New Deals

• L.B. Foster (FSTR) to acquire Protec Rail (PRPX).
• Lineage Power to acquire PECO II (PIII).
• Yara International to acquire Terra Industries (TRA).
• Fairfax Financial to acquire Zenith National Insurance (ZNT).

Deal Amendments and Announcements

• PepsiCo (PEP) refiles HSR and till trying to complete the deal by the end of Feb. 
• Pepsi Bottling (PBG) and PepsiAmericas (PAS) shareholders approve mergers.
• PepsiCo (PEP) announces preliminary results of shareholder election amounts.
• Agrium (AGU) extends offer for CF Industries (CF) until Mar 22.
• Talbots (TLB) and BPW Acquisition (BPW) amend agreement.  Now uses volume weighting averaging over 5 or 15 consecutive days if the exchange ratios is greater than 0.9853.
• Yuri Itkis Gaming announces successful completion of tender offer for FortuNet (FNET).