The Risk Arbitrage Report for May 3, 2010

New Deals:

• HP (HPQ) to acquire Palm (PALM) for $5.70 in cash.
• Stifel Financial (SF) to acquire Thomas Weisel (TWPG).
• Hertz (HTZ) to acquire Dollar Thrifty (DTG).
• Charles River Lab (CRL) to acquire WuXi PharmaTech (WX).
• Medtronic (MDT) to acquire ATS Medical (ATSI) for $4.00 cash.
• GTCR to acquire Protection One (PONE) for $15.50 cash.

Completed Deals:

• Merge Healthcare (MRGE) completes acquisition of AMICAS (AMCS).
• Baker Hughes (BHI) completes acquisition of BJ Services (BJS).
• Schulman (SHLM) completes acquisition of ICO Inc (ICOC).
• Intersil (ISIL) completes acquisition of Techwell (TWLL).
• Microsemi (MSCC) completes acquisition of White Electronic (WEDC).
• Busted: North Asia (NHR) and Pacific City (PFCF.OB) terminate deal.
• Failed: Danfoss tender offer for Sauer-Danfoss (SHS) fails.

Deal Updates:

• Schlumberger (SLB) files S-4 in connection with Smith (SII) deal.
• L.B. Foster (FSTR) extends tender offer for Portec Rail (PRPX) until Jun 1.