Merger Arbitrage Spreads September 7, 2010

The latest stock merger spreads:

Target	Ticker	Acquirer	Ticker	Current Price	Take Over Price	Price Diff	% Diff	Date Announced
Abraxis Bioscienc	ABII	Celgene Corporati	CELG	$74.12	$71.94	-2.18	-2.94%	6/30/2010
American Physicia	ACAP	The Doctors Company	--	$41.34	$41.50	0.16	0.39%	7/8/2010
AmeriCredit Corpo	ACF	General Motors	--	$24.34	$24.50	0.16	0.66%	7/22/2010
A.D.A.M. Inc.	ADAM	Ebix Inc	EBIX	$5.53	$5.88	0.35	6.42%	8/30/2010
ADC Telecommunica	ADCT	Tyco Electronics	TEL	$12.68	$12.75	0.07	0.55%	7/13/2010
AMERICAN EXPLORAT	AEXP.OB	MAINLAND RESOURCE	MNLU.OB	$0.08	$0.10	0.02	18.75%	3/23/2010
American Oil & Ga	AEZ	Hess Corporation	HES	$7.53	$7.59	0.06	0.81%	7/28/2010
Alloy Inc.	ALOY	ZelnickMedia	--	$9.63	$9.80	0.17	1.77%	6/24/2010
American Physicia	AMPH	Pro-Assurance Cor	PRA	$32.32	$32.50	0.18	0.56%	9/1/2010
ATC Technology Co	ATAC	GENCO Distribution System	--	$24.34	$25.00	0.66	2.71%	7/19/2010
Atlantic BancGrou	ATBC	Jacksonville Banc	JAXB	$1.97	$2.17	0.20	10.21%	5/10/2010
Allegheny Energy	AYE	FirstEnergy Corpo	FE	$23.72	$25.20	1.48	6.24%	2/11/2010
BANCINSURANCE CP	BCIS.OB	Insiders	--	$8.09	$8.50	0.41	5.07%	8/12/2010
Buckeye GP Holdin	BGH	Buckeye Partners	BPL	$41.92	$43.89	1.97	4.69%	6/11/2010
Burger King Holdi	BKC	3G Capital	--	$23.60	$24.00	0.40	1.69%	9/2/2010
Bowne & Co. Inc.	BNE	R.R. Donnelley &	RRD	$10.86	$11.50	0.64	5.89%	2/23/2010
BioSphere Medical	BSMD	Merit Medical Sys	MMSI	$4.37	$4.38	0.01	0.23%	5/13/2010
Continental Airli	CAL	UAL Corporation	UAUA	$23.68	$23.63	-0.05	-0.23%	5/3/2010
Comm Bancorp Inc	CCBP	F.N.B. Corporatio	FNB	$37.35	$38.50	1.15	3.08%	8/9/2010
Central Jersey Ba	CJBK	Kearny Financial	KRNY	$7.40	$7.50	0.10	1.35%	5/25/2010
Cogent Inc.	COGT	3M Company Common	MMM	$11.01	$10.50	-0.51	-4.63%	8/30/2010
CPI International	CPII	Comtech Telecommu	CMTL	$14.45	$14.08	-0.37	-2.55%	5/10/2010
DivX Inc.	DIVX	Sonic Solutions	SNIC	$8.07	$8.27	0.20	2.45%	6/2/2010
Dollar Thrifty Au	DTG	Hertz Global Hold	HTZ	$48.35	$38.99	-9.36	-19.36%	4/26/2010
Diamond Managemen	DTPI	PricewaterhouseCoopers	--	$12.51	#VALUE!	#VALUE!	0.00%	8/24/2010
Dynegy Inc. (Dela	DYN	The Blackstone Gr	BX	$5.04	$4.50	-0.54	-10.71%	8/13/2010
Emmis Communicati	EMMS	Chairman & CEO	--	$1.69	$2.40	0.71	42.01%	5/25/2010
First Chester Cou	FCEC	Tower Bancorp Inc	TOBC	$5.65	$8.64	2.99	52.90%	12/28/2009
GLG Partners Inc	GLG	Man Group	--	$4.48	$4.50	0.02	0.45%	5/17/2010
Hewitt Associates	HEW	Aon Corporation C	AON	$49.66	$50.02	0.36	0.73%	7/12/2010
Health Grades In	HGRD	Vestar Capital Partners	--	$8.20	$8.20	0.00	0.00%	7/28/2010
ICx Technologies	ICXT	FLIR Systems Inc	FLIR	$7.65	$7.55	-0.10	-1.31%	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	--	$44.85	$45.00	0.15	0.33%	3/12/2010
Mariner Energy I	ME	Apache Corporatio	APA	$23.16	$23.59	0.43	1.84%	4/15/2010
Micrus Endovascul	MEND	Johnson & Johnson	JNJ	$23.40	$23.40	0.00	0.00%	7/12/2010
MCAFEE Inc	MFE	Intel Corporation	INTC	$47.35	$48.00	0.65	1.37%	8/19/2010
Mirant Corp Commo	MIR	RRI Energy Inc.	RRI	$10.49	$10.60	0.11	1.08%	4/11/2010
NewAlliance Bancs	NAL	First Niagara Fin	FNFG	$12.77	$13.16	0.39	3.05%	8/19/2010
NRG Energy Inc.	NRG	Exelon Corporatio	EXC	$21.65	$23.01	1.36	6.28%	10/19/2008
Inergy Holdings	NRGP	Inergy L.P. Comm	NRGY	$28.20	$29.19	0.99	3.51%	8/9/2010
NBTY Inc. Common	NTY	Carlyle Group	--	$54.57	$55.00	0.43	0.79%	7/15/2010
Nymagic Inc. Com	NYM	ProSight Specialty Insurance	--	$25.67	$25.75	0.08	0.31%	7/15/2010
OMNI Energy Servi	OMNI	Wellspring Capital Management	--	$2.72	$2.75	0.03	1.10%	6/4/2010
Osteotech Inc.	OSTE	Medtronic Inc. Co	MDT	$6.40	$6.50	0.10	1.56%	8/17/2010
3PAR Inc Common S	PAR	Hewlett-Packard C	HPQ	$32.89	$33.00	0.11	0.33%	8/27/2010
Pinnacle Gas Reso	PINN	Scotia Waterous	--	$0.32	$0.34	0.02	5.10%	2/24/2010
PMA Capital Corpo	PMACA	Old Republic Inte	ORI	$7.13	$7.18	0.05	0.74%	6/10/2010
Penwest Pharmaceu	PPCO	Endo Pharmaceutic	ENDP	$4.98	$5.00	0.02	0.40%	8/10/2010
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	$11.56	$11.80	0.24	2.08%	2/17/2010
Psychiatric Solut	PSYS	Universal Health	UHS	$33.43	$33.75	0.32	0.96%	5/17/2010
Phoenix Technolog	PTEC	Marlin Equity Partners	--	$4.14	$3.85	-0.29	-7.00%	8/17/2010
Pactiv Corporatio	PTV	Reynolds Group Holdings Limited	--	$32.22	$33.25	1.03	3.20%	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	$5.83	$6.03	0.20	3.35%	4/22/2010
Salary.com	SLRY	Kenexa Corporatio	KNXA	$4.08	$4.07	-0.01	-0.25%	9/1/2010
Smithtown Bancorp	SMTB	People's United F	PBCT	$3.81	$3.84	0.03	0.84%	7/15/2010
Sinoenergy Corpor	SNEN	Company's chairman and president	--	$1.85	$1.90	0.05	2.60%	10/12/2009
Southern Connecti	SSE	Naugatuck Valley	NVSL	$5.71	$7.25	1.54	26.97%	2/23/2010
Superior Well Ser	SWSI	Nabors Industries	NBR	$22.08	$22.12	0.04	0.18%	8/9/2010
Southwest Water C	SWWC	Long-Term Infrastructure Investor Group	--	$10.99	$11.00	0.01	0.09%	3/3/2010
Talecris Biothera	TLCR	GRIFOLS A	GRF.MC	$22.47	$25.30	2.83	12.59%	6/7/2010
Trubion Pharmaceu	TRBN	Emergent Biosolut	EBS	$4.45	$4.47	0.02	0.44%	8/12/2010
The South Financi	TSFG	Toronto Dominion	TD	$0.28	$0.29	0.00	0.68%	5/17/2010
Unica Corporation	UNCA	International Bus	IBM	$20.97	$21.00	0.03	0.14%	8/13/2010
UNION NATL FINCL	UNNF.OB	Donegal Group In	DGICA	$7.60	$8.25	0.65	8.55%	4/20/2010
Pet DRx Corporati	VETS	VCA Antech Inc.	WOOF	$0.33	$0.34	0.01	3.91%	6/2/2010
Valeant Pharmaceu	VRX	Biovail Corporati	BVF	$59.98	$59.44	-0.54	-0.90%	6/21/2010
Boots and Coots	WEL	Halliburton Compa	HAL	$2.97	$3.00	0.03	1.01%	4/12/2010
Expressjet Holdin	XJT	SkyWest Inc.	SKYW	$6.65	$6.75	0.10	1.50%	8/4/2010