Wednesday, March 31, 2010

The Risk Arbitrage Report for Apr 1, 2010

Tuesday, March 30, 2010

The Risk Arbitrage Report for Mar 31, 2010

  • Microsemi (MSCC) to acquire White Electronic Design (WEDC) for $7 cash.
  • Steak n Shake (SNS) completes acquisition of Western Sizzlin (WEST).

Monday, March 29, 2010

The Risk Arbitrage Report for Mar 30, 2010

Saturday, March 27, 2010

The Risk Arbitrage Report for Mar 29, 2010

New Deals
Completed Deals:
Deal Updates

Merger Arbitrage Spreads for Mar 29, 2010


Target Ticker Acquirer Ticker Current
Price
Day Change Take Over
Price
Price Diff % Diff Date
Announced
The Allied Defens ADG Chemring Group Private $7.18 -0.14% $7.25 0.07 0.97% 1/18/2010
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.34 6.25% $0.35 0.00 1.47% 3/23/2010
Airvana Inc. AIRV 72 Mobile Holdings Private $7.71 0.13% $7.65 -0.06 -0.78% 12/18/2009
Allied Capital Co ALD Ares Capital Corp ARCC $4.91 4.25% $4.97 0.06 1.24% 10/26/2009
AMICAS Inc. AMCS Merge Healthcare MRGE $6.04 0.00% $6.05 0.01 0.17% 3/5/2010
Allegheny Energy AYE FirstEnergy Corpo FE $22.89 -0.91% $25.87 2.98 13.03% 2/11/2010
BJ Services Compa BJS Baker Hughes Inco BHI $20.58 0.34% $20.65 0.07 0.36% 8/31/2009
Bowne & Co. Inc. BNE R.R. Donnelley & RRD $11.24 0.00% $11.50 0.26 2.31% 2/23/2010
BPW Acquisition C BPW Talbots Inc. (Th TLB $11.14 2.20% $11.31 0.17 1.54% 12/8/2009
Brink's Home Secu CFL Tyco Internationa TYC $42.30 0.19% $42.50 0.20 0.47% 1/19/2010
Chordiant Softwar CHRD Pegasystems Inc. PEGA $5.06 -0.20% $5.00 -0.06 -1.19% 3/15/2010
COMSYS IT Partner CITP Manpower Inc Comm MAN $17.50 -0.06% $17.65 0.15 0.86% 2/2/2010
CKE Restaurants CKR Thomas H Lee Partners -- $10.98 0.09% $11.05 0.07 0.64% 2/26/2010
3Com Corporation COMS Hewlett-Packard C HPQ $7.71 1.18% $7.90 0.19 2.46% 11/12/2009
Care Investment T CRE TipTree -- $8.92 0.00% $9.00 0.08 0.90% 3/16/2010
CRYSTAL RIVER CAP CYRV.OB Brookfield Asset Management -- $0.73 -2.03% $0.60 -0.13 -17.24% 2/24/2010
Diedrich Coffee DDRX Green Mountain Co GMCR $34.86 -0.06% $35.00 0.14 0.40% 11/25/2009
DRAGON PHARMA INC DRUG.OB Chairman & CEO -- $0.69 11.29% $0.82 0.13 18.84% 3/26/2010
Facet Biotech Cor FACT Abbott Laboratori ABT $27.00 0.15% $27.00 0.00 0.00% 3/10/2010
First Chester Cou FCEC Tower Bancorp Inc TOBC $10.40 -0.86% $12.24 1.84 17.69% 12/28/2009
First Keystone Fi FKFS Bryn Mawr Bank Co BMTC $13.02 0.00% $14.82 1.80 13.83% 11/3/2009
FIRST LITCHFIELD FLFL.OB Union Savings Bank -- $14.75 0.00% $15.00 0.25 1.69% 10/26/2009
Cedar Fair L.P. FUN Siddur Holdings Private $11.70 0.09% $11.50 -0.20 -1.71% 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
HIGHBURY FINANCL HBRF.OB Affiliated Manage AMG $7.03 0.86% $7.70 0.67 9.60% 12/14/2009
Harleysville Nati HNBC First Niagara Fin FNFG $6.72 -1.47% $6.76 0.04 0.65% 7/27/2009
ICO Inc. ICOC A. Schulman Inc. SHLM $8.33 -0.24% $8.45 0.12 1.49% 12/2/2009
infoGROUP Inc. IUSA CCMP Capital -- $7.88 -0.13% $8.00 0.12 1.52% 3/8/2010
Iowa Telecommunic IWA Windstream Corpor WIN $17.08 -0.18% $16.94 -0.14 -0.84% 11/24/2009
Javelin Pharmaceu JAV Myriad Pharmaceut MYRX $1.31 0.00% $1.31 0.00 0.31% 12/18/2009
K-Tron Internatio KTII Hillenbrand Inc C HI $149.84 0.03% $150.00 0.16 0.11% 1/11/2010
Lodgian Inc. New LGN Lone Star Funds Private $2.49 0.00% $2.50 0.01 0.40% 1/22/2010
Maine & Maritimes MAM Emera -- $43.46 -0.44% $45.00 1.54 3.54% 3/12/2010
Millipore Corpora MIL Merck KGaA -- $105.46 0.06% $107.00 1.54 1.46% 3/1/2010
North Asia Invest NHR PACIFIC CITY FINL PFCF.OB $10.00 0.00% $10.00 0.00 0.00% 1/14/2010
NRG Energy Inc. NRG Exelon Corporatio EXC $20.25 -0.34% $23.54 3.29 16.24% 10/19/2008
NURX PHARMACEUTIC NUXP.OB QUANTRX BIOMEDICA QTXB.OB $0.24 0.00% $0.46 0.22 93.06% 1/29/2010
OAK FINANCIAL COR OKFC.OB Chemical Financia CHFC $30.20 0.00% $31.68 1.48 4.91% 1/8/2010
Optimal Group In OPMR WowWee Insider $2.34 -0.43% $2.40 0.06 2.56% 3/17/2010
The Orchard Enter ORCD Dimensional Associates -- $2.00 -0.50% $2.05 0.05 2.50% 3/6/2010
Peco Ii Inc. PIII Lineage Power -- $5.80 0.00% $5.86 0.06 1.03% 2/18/2010
Pinnacle Gas Reso PINN Scotia Waterou -- $0.33 -0.34% $0.34 0.02 4.62% 2/24/2010
Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.60 -0.09% $11.71 0.11 0.95% 2/17/2010
Sport Supply Grou RBI ONCAP Management Partners -- $13.47 0.52% $13.55 0.08 0.59% 3/15/2010
RCN Corp. RCNI ABRY Partners -- $15.35 0.85% $15.00 -0.35 -2.28% 3/5/2010
Riskmetrics Group RISK MSCI Inc Class A MXB $22.39 0.00% $22.79 0.40 1.80% 3/1/2010
Switch & Data Fac SDXC Equinix Inc. EQIX $17.65 -1.40% $18.79 1.14 6.45% 10/21/2009
Sauer-Danfoss Inc SHS Danfoss -- $13.26 0.45% $13.25 -0.01 -0.08% 3/9/2010
Smith Internation SII Schlumberger N.V. SLB $41.62 1.69% $42.96 1.34 3.22% 2/22/2010
SkillSoft plc SKIL SSI Investments -- $10.28 -2.19% $10.80 0.52 5.06% 2/12/2010
SKYTERRA COMMUNIC SKYT.OB Harbinger Capital Partners -- $4.90 -0.81% $5.00 0.10 2.04% 9/23/2009
Sinoenergy Corpor SNEN Company's chairman and president Private $1.68 0.60% $1.90 0.22 13.10% 10/12/2009
Southern Connecti SSE Naugatuck Valley NVSL $6.56 -0.15% $7.25 0.69 10.52% 2/23/2010
Silicon Storage T SSTI Microchip Technol MCHP $3.06 -0.65% $3.05 -0.01 -0.33% 2/3/2010
Sterling Banks I STBK Roma Financial Co ROMA $2.34 0.00% $2.52 0.18 7.69% 3/18/2010
Southwest Water C SWWC Long-Term Infrastructure Investor Group -- $10.42 -0.29% $11.00 0.58 5.57% 3/3/2010
SYNERGX SYS INC SYNX.PK Firecom Private $0.62 0.00% $0.70 0.08 12.90% 1/25/2010
Meridian Resource TMR Alta Mesa Holding -- $0.26 -3.70% $0.29 0.03 11.54% 12/23/2009
Terra Industries TRA CF Industries Hol CF $45.96 0.79% $46.03 0.07 0.15% 3/10/2010
PLATO Learning In TUTR Thoma Bravo -- $5.52 12.42% $5.60 0.08 1.45% 3/26/2010
Techwell Inc. TWLL Intersil Corporat ISIL $18.41 0.00% $18.50 0.09 0.49% 3/22/2010
Youbet.com Inc. UBET Churchill Downs CHDN $3.13 0.97% $3.23 0.10 3.09% 11/12/2009
Varian Inc. VARI Agilent Technolog A $51.79 0.02% $52.00 0.21 0.41% 7/26/2009
Western Sizzlin C WEST Steak n Shake Com SNS $9.05 0.43% $8.07 -0.98 -10.82% 10/22/2009
Waste Services I WSII IESI-BFC Ltd Comm BIN $10.18 0.30% $10.34 0.16 1.53% 11/12/2009
XTO Energy Inc. C XTO Exxon Mobil Corpo XOM $46.87 0.26% $47.23 0.36 0.77% 12/14/2009
Zenith National I ZNT Fairfax Financial -- $38.25 -0.03% $38.00 -0.25 -0.65% 2/18/2010
Zareba Systems I ZRBA Woodstream -- $8.96 -0.11% $9.00 0.04 0.45% 1/11/2010