Merger Arbitrage Spreads August 30, 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	$74.20	$71.57	-2.63	-3.55%	6/30/2010
American Physicia	ACAP	The Doctors Company	--	$41.26	$41.50	0.24	0.58%	7/8/2010
AmeriCredit Corpo	ACF	General Motors	--	$24.25	$24.50	0.25	1.03%	7/22/2010
ADC Telecommunica	ADCT	Tyco Electronics	TEL	$12.73	$12.75	0.03	0.20%	7/13/2010
AMERICAN EXPLORAT	AEXP.OB	MAINLAND RESOURCE	MNLU.OB	$0.09	$0.10	0.01	11.76%	3/23/2010
American Oil & Ga	AEZ	Hess Corporation	HES	$7.01	$7.07	0.06	0.79%	7/28/2010
Alloy Inc.	ALOY	ZelnickMedia	--	$9.57	$9.80	0.23	2.40%	6/24/2010
ATC Technology Co	ATAC	GENCO Distribution System	--	$24.15	$25.00	0.85	3.52%	7/19/2010
Atlantic BancGrou	ATBC	Jacksonville Banc	JAXB	$2.15	$2.23	0.08	3.77%	5/10/2010
Allegheny Energy	AYE	FirstEnergy Corpo	FE	$22.56	$24.45	1.89	8.39%	2/11/2010
BANCINSURANCE CP	BCIS.OB	Insiders	--	$8.19	$8.50	0.31	3.79%	8/12/2010
Buckeye GP Holdin	BGH	Buckeye Partners	BPL	$42.10	$44.17	2.07	4.91%	6/11/2010
Bowne & Co. Inc.	BNE	R.R. Donnelley &	RRD	$11.18	$11.50	0.32	2.86%	2/23/2010
BioSphere Medical	BSMD	Merit Medical Sys	MMSI	$4.36	$4.38	0.02	0.46%	5/13/2010
Continental Airli	CAL	UAL Corporation	UAUA	$21.80	$21.47	-0.33	-1.50%	5/3/2010
Comm Bancorp Inc	CCBP	F.N.B. Corporatio	FNB	$36.52	$37.98	1.46	4.00%	8/9/2010
Central Jersey Ba	CJBK	Kearny Financial	KRNY	$7.41	$7.50	0.09	1.21%	5/25/2010
CPI International	CPII	Comtech Telecommu	CMTL	$14.72	$13.95	-0.77	-5.20%	5/10/2010
DivX Inc.	DIVX	Sonic Solutions	SNIC	$7.69	$7.85	0.16	2.04%	6/2/2010
Dollar Thrifty Au	DTG	Hertz Global Hold	HTZ	$48.05	$38.43	-9.62	-20.03%	4/26/2010
Diamond Managemen	DTPI	PricewaterhouseCoopers	--	$12.50	$12.50	0.00	0.00%	8/24/2010
Dynegy Inc. (Dela	DYN	The Blackstone Gr	BX	$4.81	$4.50	-0.31	-6.44%	8/13/2010
Emmis Communicati	EMMS	Chairman & CEO	--	$2.02	$2.40	0.38	18.78%	5/25/2010
First Chester Cou	FCEC	Tower Bancorp Inc	TOBC	$5.70	$8.51	2.81	49.30%	12/28/2009
GLG Partners Inc	GLG	Man Group	--	$4.46	$4.50	0.04	0.90%	5/17/2010
Gerdau AmeriSteel	GNA	Gerdau S.A. Commo	GGB	$10.99	$11.00	0.01	0.09%	6/30/2010
Hewitt Associates	HEW	Aon Corporation C	AON	$48.91	$49.26	0.35	0.71%	7/12/2010
Health Grades In	HGRD	Vestar Capital Partners	--	$8.18	$8.20	0.02	0.24%	7/28/2010
ICx Technologies	ICXT	FLIR Systems Inc	FLIR	$7.64	$7.55	-0.09	-1.18%	8/16/2010
LSB Corporation	LSBX	People's United F	PBCT	$20.90	$21.00	0.10	0.48%	7/15/2010
Maine & Maritimes	MAM	Emera	--	$44.60	$45.00	0.40	0.90%	3/12/2010
Mariner Energy I	ME	Apache Corporatio	APA	$22.95	$23.13	0.18	0.80%	4/15/2010
Micrus Endovascul	MEND	Johnson & Johnson	JNJ	$23.41	$23.40	-0.01	-0.04%	7/12/2010
MCAFEE Inc	MFE	Intel Corporation	INTC	$47.10	$48.00	0.90	1.91%	8/19/2010
Mirant Corp Commo	MIR	RRI Energy Inc.	RRI	$9.71	$9.84	0.13	1.31%	4/11/2010
NewAlliance Bancs	NAL	First Niagara Fin	FNFG	$12.79	$13.19	0.40	3.13%	8/19/2010
NRG Energy Inc.	NRG	Exelon Corporatio	EXC	$20.63	$22.21	1.58	7.68%	10/19/2008
Inergy Holdings	NRGP	Inergy L.P. Comm	NRGY	$28.16	$29.59	1.43	5.08%	8/9/2010
NBTY Inc. Common	NTY	Carlyle Group	--	$54.38	$55.00	0.62	1.14%	7/15/2010
Nymagic Inc. Com	NYM	ProSight Specialty Insurance	--	$25.51	$25.75	0.24	0.94%	7/15/2010
OMNI Energy Servi	OMNI	Wellspring Capital Management	--	$2.71	$2.75	0.04	1.48%	6/4/2010
Osteotech Inc.	OSTE	Medtronic Inc. Co	MDT	$6.40	$6.50	0.11	1.64%	8/17/2010
3PAR Inc Common S	PAR	Dell Inc.	DELL	$32.46	$27.00	-5.46	-16.82%	8/16/2010
3PAR Inc Common S	PAR	Hewlett-Packard C	HPQ	$32.46	$30.00	-2.46	-7.58%	8/27/2010
Pinnacle Gas Reso	PINN	Scotia Waterous	--	$0.33	$0.34	0.01	3.03%	2/24/2010
PMA Capital Corpo	PMACA	Old Republic Inte	ORI	$6.88	$7.02	0.14	2.01%	6/10/2010
Penwest Pharmaceu	PPCO	Endo Pharmaceutic	ENDP	$4.99	$5.00	0.01	0.20%	8/10/2010
PROGINET CORP	PRGF.OB	TIBCO Software I	TIBX	$1.14	$1.15	0.01	0.88%	6/22/2010
Portec Rail Produ	PRPX	L.B. Foster Compa	FSTR	$11.50	$11.71	0.21	1.83%	2/17/2010
Psychiatric Solut	PSYS	Universal Health	UHS	$33.29	$33.75	0.46	1.38%	5/17/2010
Phoenix Technolog	PTEC	Marlin Equity Partners	--	$3.78	$3.85	0.07	1.85%	8/17/2010
Pactiv Corporatio	PTV	Reynolds Group Holdings Limited	--	$32.30	$33.25	0.95	2.94%	8/17/2010
Prospect Medical	PZZ	Leonard Green & Partners	--	$8.63	$8.50	-0.13	-1.51%	8/16/2010
Qwest Communicati	Q	CenturyLink Inc.	CTL	$5.64	$6.01	0.37	6.57%	4/22/2010
Smithtown Bancorp	SMTB	People's United F	PBCT	$3.74	$3.83	0.09	2.38%	7/15/2010
Sinoenergy Corpor	SNEN	Company's chairman and president	--	$1.80	$1.90	0.10	5.56%	10/12/2009
Southern Connecti	SSE	Naugatuck Valley	NVSL	$6.09	$7.25	1.16	19.05%	2/23/2010
Superior Well Ser	SWSI	Nabors Industries	NBR	$22.11	$22.12	0.01	0.05%	8/9/2010
Southwest Water C	SWWC	Long-Term Infrastructure Investor Group	--	$10.97	$11.00	0.03	0.27%	3/3/2010
Talecris Biothera	TLCR	GRIFOLS A	GRF.MC	$22.22	$24.96	2.74	12.33%	6/7/2010
Trubion Pharmaceu	TRBN	Emergent Biosolut	EBS	$4.45	$4.22	-0.23	-5.09%	8/12/2010
The South Financi	TSFG	Toronto Dominion	TD	$0.28	$0.28	0.00	1.74%	5/17/2010
Unica Corporation	UNCA	International Bus	IBM	$21.02	$21.00	-0.02	-0.10%	8/13/2010
UNION NATL FINCL	UNNF.OB	Donegal Group In	DGICA	$7.25	$7.44	0.19	2.59%	4/20/2010
Pet DRx Corporati	VETS	VCA Antech Inc.	WOOF	$0.33	$0.34	0.01	3.91%	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	$58.33	$58.07	-0.26	-0.45%	6/21/2010
Boots and Coots	WEL	Halliburton Compa	HAL	$2.98	$3.00	0.02	0.67%	4/12/2010
Williams Pipeline	WMZ	Williams Partners	WPZ	$32.30	$32.36	0.06	0.19%	5/24/2010
Expressjet Holdin	XJT	SkyWest Inc.	SKYW	$6.65	$6.75	0.10	1.50%	8/4/2010