Saturday, July 24, 2010

The Risk Arbitrage Report for July 26, 2010

New Deals:
  • GENCO Distribution to acquire ATC Technology (ATAC). 
  • General Motors to acquire AmeriCredit (ACF).
Completed Deals:

Updated Deals:

Merger Arbitrage Spreads July 26, 2010

The latest stock merger arbitrage spreads:


Target Ticker Acquirer Ticker Current Price Take Over
Price
Price Diff % Diff Date
Announced
Abraxis Bioscienc ABII Celgene Corporati CELG $74.42 $71.80 -2.62 -3.51% 6/30/2010
American Physicia ACAP The Doctors Company -- $41.11 $41.50 0.39 0.95% 7/8/2010
AmeriCredit Corpo ACF General Motors -- $24.01 $24.50 0.49 2.04% 7/22/2010
ADC Telecommunica ADCT Tyco Electronics TEL $12.56 $12.75 0.19 1.51% 7/13/2010
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.08 $0.15 0.07 81.25% 3/23/2010
American Italian AIPC Ralcorp Holdings RAH $53.01 $53.00 -0.01 -0.02% 6/21/2010
Alloy Inc. ALOY ZelnickMedia -- $9.43 $9.80 0.37 3.92% 6/24/2010
ATC Technology Co ATAC GENCO Distribution System -- $24.16 $25.00 0.84 3.48% 7/19/2010
Atlantic BancGrou ATBC Jacksonville Banc JAXB $2.31 $2.36 0.05 2.21% 5/10/2010
ATS Medical Inc. ATSI Medtronic Inc. Co MDT $3.99 $4.00 0.01 0.25% 4/29/2010
Allegheny Energy AYE FirstEnergy Corpo FE $23.08 $25.24 2.16 9.36% 2/11/2010
Buckeye GP Holdin BGH Buckeye Partners BPL $41.54 $44.53 2.99 7.19% 6/11/2010
Bowne & Co. Inc. BNE R.R. Donnelley & RRD $11.35 $11.50 0.15 1.32% 2/23/2010
BioSphere Medical BSMD Merit Medical Sys MMSI $4.33 $4.38 0.05 1.15% 5/13/2010
Continental Airli CAL UAL Corporation UAUA $24.25 $24.11 -0.14 -0.59% 5/3/2010
Central Jersey Ba CJBK Kearny Financial KRNY $7.25 $7.50 0.25 3.45% 5/25/2010
CPI International CPII Comtech Telecommu CMTL $14.08 $14.18 0.10 0.68% 5/10/2010
Care Investment T CRE TipTree -- $8.88 $9.00 0.12 1.35% 3/16/2010
Cornell Correctio CRN Geo Group Inc (Th GEO $27.97 $28.17 0.20 0.72% 4/19/2010
CRYSTAL RIVER CAP CYRV.OB Brookfield Asset Management -- $0.59 $0.60 0.01 1.68% 2/24/2010
DivX Inc. DIVX Sonic Solutions SNIC $7.93 $8.06 0.13 1.61% 6/2/2010
Dollar Thrifty Au DTG Hertz Global Hold HTZ $47.57 $39.88 -7.69 -16.17% 4/26/2010
Eclipsys Corporat ECLP Allscripts-Misys MDRX $18.93 $19.43 0.50 2.63% 6/9/2010
EFJohnson Technol EFJI Francisco
Partners
-- $1.47 $1.50 0.03 2.04% 5/17/2010
Emmis Communicati EMMS Chairman & CEO -- $1.97 $2.40 0.43 21.83% 5/25/2010
First Chester Cou FCEC Tower Bancorp Inc TOBC $8.49 $9.94 1.45 17.07% 12/28/2009
GLG Partners Inc GLG Man Group -- $4.38 $4.50 0.12 2.74% 5/17/2010
Hewitt Associates HEW Aon Corporation C AON $47.63 $48.91 1.28 2.68% 7/12/2010
Interactive Data IDC Silver Lake & Warbug Pincus -- $33.82 $33.86 0.04 0.12% 5/4/2010
LSB Corporation LSBX People's United F PBCT $20.79 $21.00 0.21 1.01% 7/15/2010
Maine & Maritimes MAM Emera -- $44.48 $45.00 0.52 1.17% 3/12/2010
Mariner Energy I ME Apache Corporatio APA $23.33 $23.61 0.28 1.22% 4/15/2010
Micrus Endovascul MEND Johnson & Johnson JNJ $23.25 $23.40 0.15 0.65% 7/12/2010
Mirant Corp Commo MIR RRI Energy Inc. RRI $11.77 $11.94 0.17 1.40% 4/11/2010
National Dentex C NADX Welsh, Carson, Anderson & Stowe XI, L.P. -- $16.93 $17.00 0.07 0.41% 4/5/2010
North American Ga NGA AZZ Incorporated AZZ $7.56 $7.50 -0.06 -0.79% 4/1/2010
NRG Energy Inc. NRG Exelon Corporatio EXC $22.89 $22.36 -0.53 -2.33% 10/19/2008
NBTY Inc. Common NTY Carlyle Group -- $54.19 $55.00 0.81 1.49% 7/15/2010
Nymagic Inc. Com NYM ProSight Specialty Insurance -- $25.40 $25.75 0.35 1.38% 7/15/2010
Odyssey Healthcar ODSY Gentiva Health Se GTIV $26.23 $27.00 0.77 2.94% 5/24/2010
OMNI Energy Servi OMNI Wellspring Capital Management -- $2.70 $2.75 0.05 1.85% 6/4/2010
The Orchard Enter ORCD Dimensional Associates -- $2.04 $2.05 0.01 0.49% 3/6/2010
Phase Forward Inc PFWD Oracle Corporatio ORCL $16.82 $17.00 0.18 1.07% 4/16/2010
Pinnacle Gas Reso PINN Scotia Waterou -- $0.32 $0.34 0.02 5.92% 2/24/2010
PMA Capital Corpo PMACA Old
Republic Inte
ORI $6.75 $6.95 0.20 2.91% 6/10/2010
PROGINET CORP PRGF.OB TIBCO Software I TIBX $1.13 $1.15 0.02 1.77% 6/22/2010
Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.35 $11.71 0.36 3.17% 2/17/2010
Psychiatric Solut PSYS Universal Health UHS $33.07 $33.75 0.68 2.06% 5/17/2010
Qwest Communicati Q CenturyLink Inc. CTL $5.64 $5.92 0.28 4.91% 4/22/2010
Life Quotes Inc. QUOT LQ Acquisition -- $3.96 $4.00 0.04 1.01% 6/10/2010
Sport Supply Grou RBI ONCAP Management Partners -- $13.49 $13.55 0.06 0.44% 3/15/2010
RCN Corp. RCNI ABRY Partners -- $14.94 $15.00 0.06 0.40% 3/5/2010
Rubio's Restauran RUBO Mill Road Capital -- $8.61 $8.70 0.09 1.05% 5/10/2010
Smith Internation SII Schlumberger N.V. SLB $41.06 $41.34 0.28 0.69% 2/22/2010
Smithtown Bancorp SMTB People's United F PBCT $3.94 $4.01 0.07 1.73% 7/15/2010
Somanetics Corpor SMTS Covidien plc. Ord COV $24.97 $25.00 0.03 0.12% 6/16/2010
Sinoenergy Corpor SNEN Company's chairman and president -- $1.70 $1.90 0.20 11.76% 10/12/2009
Southern Connecti SSE Naugatuck Valley NVSL $6.35 $7.25 0.90 14.17% 2/23/2010
ARGON ST Inc. STST Boeing Company (T BA $34.49 $34.50 0.01 0.03% 6/30/2010
Southwest Water C SWWC Long-Term Infrastructure Investor Group -- $10.84 $11.00 0.16 1.48% 3/3/2010
Stanley Inc. Com SXE CGI Group Inc. C GIB $37.40 $37.50 0.10 0.27% 5/7/2010
Sybase Inc. Comm SY SAP AG ADS SAP $64.96 $65.00 0.04 0.06% 5/12/2010
SYNERGX SYS INC SYNX.PK Firecom -- $0.67 $0.70 0.03 4.46% 1/25/2010
Talecris Biothera TLCR GRIFOLS A GRF.MC $21.66 $24.33 2.67 12.34% 6/7/2010
The South Financi TSFG Toronto Dominion TD $0.27 $0.28 0.01 3.09% 5/17/2010
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.40 $7.61 0.21 2.85% 4/20/2010
Pet DRx Corporati VETS VCA Antech Inc. WOOF $0.33 $0.34 0.01 2.26% 6/2/2010
Virage Logic Corp VIRL Synopsys Inc. SNPS $12.00 $12.00 0.00 0.00% 6/10/2010
Valeant Pharmaceu VRX Biovail Corporati BVF $55.32 $54.70 -0.62 -1.12% 6/21/2010
inVentiv Health VTIV Thomas H. Lee Partners -- $25.93 $26.00 0.07 0.27% 5/6/2010
Boots and Coots WEL Halliburton Compa HAL $2.98 $3.00 0.02 0.67% 4/12/2010
Williams Pipeline WMZ Williams Partners WPZ $34.57 $35.48 0.91 2.63% 5/24/2010
Wuxi Pharmatech ( WX Charles River Lab CRL $15.74 $20.54 4.80 30.48% 4/26/2010