Tuesday, March 16, 2010

The Risk Arbitrage Report for Mar 17, 2010

  • Baker Hughes (BHI) and BJ Services (BJS) said that the DOJ has raised issues with regard to the overlap of business in the Gulf of Mexico and may need to delay the shareholder meeting.
  • Zenith National (ZNT) sets Apr 29 for shareholder meeting and reports that the HSR waiting period has expired.
  • Care Investment Trust (CRE) gets definitive offer from TipTree Financial Partners for $9 in cash.  Proceed with caution as this is not straight forward.
  • Dimensional Associates to acquire shares of The Orchard (ORCD) that they do not already own for $2.05.

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