Saturday, April 24, 2010

The Risk Arbitrage Report for Apr 26, 2010

Here is the latest stock merger news on deals being tracked.


New Deals:
  • The GEO Group (GEO) to acquire Cornell Companies (CRN).
  • Visa (V) to acquire CyberSource (CYBS) for $26 in cash.
  • Century Link (CTL) to acquire Qwest (Q).
  • Donegal Group (DGICA)  to acquire Union National Financial Services (UNNF.OB).
Completed Deals:
Deal Updates:

Merger Arbitrage Spreads for Apr 26, 2010


Target Ticker Acquirer Ticker Current Price Take Over
Price
Price Diff % Diff Date
Announced
The Allied Defens ADG Chemring Group Private $5.82 $7.25 1.43 24.57% 1/18/2010
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.26 $0.35 0.09 34.62% 3/23/2010
AMICAS Inc. AMCS Merge Healthcare MRGE $6.04 $6.05 0.01 0.17% 3/5/2010
Arena Resources I ARD Sandridge Energy SD $37.65 $39.71 2.06 5.48% 4/5/2010
Allegheny Energy AYE FirstEnergy Corpo FE $21.57 $25.02 3.45 15.99% 2/11/2010
Bell Microproduct BELM Avnet Inc. Commo AVT $6.99 $7.00 0.01 0.14% 3/29/2010
BJ Services Compa BJS Baker Hughes Inco BHI $24.32 $24.38 0.06 0.25% 8/31/2009
Bowne & Co. Inc. BNE R.R. Donnelley & RRD $11.20 $11.50 0.30 2.68% 2/23/2010
Bway Holding Comp BWY Dearborn Partners -- $20.07 $20.00 -0.07 -0.35% 3/29/2010
Brink's Home Secu CFL Tyco Internationa TYC $42.93 $42.68 -0.25 -0.57% 1/19/2010
CKE Restaurants CKR Apollo Management -- $12.85 $12.55 -0.30 -2.33% 2/26/2010
Care Investment T CRE TipTree -- $8.94 $9.00 0.06 0.67% 3/16/2010
Cornell Correctio CRN Geo Group Inc (Th GEO $27.31 $27.82 0.51 1.87% 4/19/2010
CyberSource Corpo CYBS Visa Inc. Visa In V $25.63 $26.00 0.37 1.44% 4/21/2010
CRYSTAL RIVER CAP CYRV.OB Brookfield Asset Management -- $0.68 $0.60 -0.08 -11.76% 2/24/2010
Dialysis Corporat DCAI US Renal Care -- $11.21 $11.25 0.04 0.36% 4/14/2010
Dyncorp Internati DCP Cerberus Capital Management -- $17.29 $17.55 0.26 1.50% 4/12/2010
Diedrich Coffee DDRX Green Mountain Co GMCR $34.66 $35.00 0.34 0.98% 11/25/2009
DRAGON PHARMA INC DRUG.OB Chairman & CEO -- $0.80 $0.82 0.02 2.50% 3/26/2010
First Chester Cou FCEC Tower Bancorp Inc TOBC $9.91 $11.69 1.78 17.98% 12/28/2009
First Keystone Fi FKFS Bryn Mawr Bank Co BMTC $13.70 $15.39 1.69 12.30% 11/3/2009
ICO Inc. ICOC A. Schulman Inc. SHLM $8.34 $8.40 0.06 0.71% 12/2/2009
infoGROUP Inc. IUSA CCMP Capital -- $8.17 $8.00 -0.17 -2.08% 3/8/2010
Iowa Telecommunic IWA Windstream Corpor WIN $16.91 $16.84 -0.07 -0.41% 11/24/2009
Javelin Pharmaceu JAV Hospira Inc HSP $2.20 $2.20 0.00 0.00% 4/19/2010
Maine & Maritimes MAM Emera -- $44.00 $45.00 1.00 2.27% 3/12/2010
Mariner Energy I ME Apache Corporatio APA $26.03 $26.53 0.50 1.90% 4/15/2010
Millipore Corpora MIL Merck KGaA -- $106.22 $107.00 0.78 0.73% 3/1/2010
Mirant Corp Commo MIR RRI Energy Inc. RRI $11.44 $11.54 0.10 0.86% 4/11/2010
National Dentex C NADX Welsh, Carson, Anderson & Stowe XI, L.P. -- $16.95 $17.00 0.05 0.29% 4/5/2010
North American Ga NGA AZZ Incorporated AZZ $7.57 $7.50 -0.07 -0.92% 4/1/2010
North Asia Invest NHR PACIFIC CITY FINL PFCF.OB $9.86 $10.00 0.14 1.42% 1/14/2010
NRG Energy Inc. NRG Exelon Corporatio EXC $22.77 $23.95 1.18 5.19% 10/19/2008
NURX PHARMACEUTIC NUXP.OB QUANTRX BIOMEDICA QTXB.OB $0.24 $0.48 0.24 99.50% 1/29/2010
OAK FINANCIAL COR OKFC.OB Chemical Financia CHFC $30.56 $31.28 0.72 2.35% 1/8/2010
Optimal Group In OPMR WowWee Insider $2.38 $2.40 0.02 0.84% 3/17/2010
The Orchard Enter ORCD Dimensional Associates -- $2.01 $2.05 0.04 1.99% 3/6/2010
Phase Forward Inc PFWD Oracle Corporatio ORCL $16.83 $17.00 0.17 1.01% 4/16/2010
Pinnacle Gas Reso PINN Scotia Waterou -- $0.33 $0.34 0.01 3.03% 2/24/2010
Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.74 $11.71 -0.03 -0.26% 2/17/2010
Qwest Communicati Q CenturyTel Inc. CTL $5.28 $5.71 0.43 8.19% 4/22/2010
Sport Supply Grou RBI ONCAP Management Partners -- $13.41 $13.55 0.14 1.04% 3/15/2010
RCN Corp. RCNI ABRY Partners -- $14.72 $15.00 0.28 1.90% 3/5/2010
Riskmetrics Group RISK MSCI Inc Class A MXB $22.71 $22.96 0.25 1.12% 3/1/2010
Switch & Data Fac SDXC Equinix Inc. EQIX $17.70 $18.68 0.98 5.52% 10/21/2009
Sauer-Danfoss Inc SHS Danfoss -- $17.91 $14.00 -3.91 -21.83% 3/9/2010
Smith Internation SII Schlumberger N.V. SLB $49.15 $50.63 1.48 3.01% 2/22/2010
SkillSoft plc SKIL SSI Investments -- $11.15 $11.25 0.10 0.90% 2/12/2010
Symyx Technologie SMMX Accelrys Inc. ACCL $5.68 $5.66 -0.02 -0.41% 4/5/2010
Sinoenergy Corpor SNEN Company's chairman and president Private $1.82 $1.90 0.08 4.40% 10/12/2009
Southern Connecti SSE Naugatuck Valley NVSL $6.73 $7.25 0.52 7.73% 2/23/2010
Sterling Banks I STBK Roma Financial Co ROMA $2.39 $2.52 0.13 5.44% 3/18/2010
Southwest Water C SWWC Long-Term Infrastructure Investor Group -- $10.58 $11.00 0.42 3.97% 3/3/2010
SYNERGX SYS INC SYNX.PK Firecom Private $0.68 $0.70 0.02 3.70% 1/25/2010
Meridian Resource TMR Alta Mesa Holding -- $0.31 $0.33 0.02 7.81% 12/23/2009
PLATO Learning In TUTR Thoma Bravo -- $5.76 $5.60 -0.16 -2.78% 3/26/2010
Techwell Inc. TWLL Intersil Corporat ISIL $18.48 $18.50 0.02 0.11% 3/22/2010
Youbet.com Inc. UBET Churchill Downs CHDN $2.99 $3.35 0.36 12.14% 11/12/2009
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.60 $8.22 0.62 8.17% 4/20/2010
Varian Inc. VARI Agilent Technolog A $51.75 $52.00 0.25 0.48% 7/26/2009
White Electronic WEDC Microsemi Corpora MSCC $7.00 $7.00 0.00 0.00% 3/30/2010
Boots and Coots WEL Halliburton Compa HAL $2.95 $3.00 0.05 1.69% 4/12/2010
Waste Services I WSII IESI-BFC Ltd Comm BIN $11.17 $11.25 0.08 0.68% 11/12/2009
XTO Energy Inc. C XTO Exxon Mobil Corpo XOM $48.61 $49.15 0.54 1.10% 12/14/2009
Zenith National I ZNT Fairfax Financial -- $38.41 $38.00 -0.41 -1.07% 2/18/2010

Saturday, April 17, 2010

The Risk Arbitrage Report for Apr 19, 2010

New Deals:
  • Oracle (ORCL) to acquire Phase Forward (PFWD) for $17 cash.  
  • Haliburton (HAL) to acquire Boots & Coots (WEL) for cash and stock.
  • Apache Corp (APA) to acquire Mariner Energy (ME) for cash and stock.
  • RRI Energy (RRI) to acquire Mirant Corp (MIR) for stock.
  • Cerberus Capital to acquire Dyncorp (DCP) for $17.55 cash.
  • U.S. Renal Care to acquire Dialysis Corp (DCAI) for $11.25 cash.
Closed Deals:
Deal Updates: