Sunday, October 31, 2010

The Risk Arbitrage Report for November 1, 2010

New Deals:
    LOGO
  • Carlyle Group to acquire CommScope (CTV).
  • Equity Group Investments to acquire Rewards Network (DINE).
  • Community Bank (CBU) to acquire The Wilber Corp (GIW).
  • Brookline Bancorp (BRKL) to acquire First Ipswich (FWIC.OB). 
Completed Deals:
Updated Deals:
To Read:

Merger Arbitrage Spreads November 1, 2010

The latest stock merger spreads:


Target Ticker Acquirer Ticker Current Price Day Change Take Over
Price
Price Diff % Diff Date
Announced
Deal Type
AirTran Holdings AAI Southwest Airline LUV $7.40 -0.13% $7.75 0.35 4.73% 9/27/2010 C&S
American Commerci ACLI Platinum Equity -- $33.15 0.15% $33.00 -0.15 -0.45% 10/18/2010 C&S
ActivIdentity Cor ACTI ASSA ABLOY AB -- $3.23 0.00% $3.25 0.02 0.62% 10/12/2010 Cash
Actel Corporation ACTL Microsemi Corpora MSCC $20.87 0.05% $20.88 0.01 0.05% 10/4/2010 C&S
Alberto-Culver Co ACV Unilever PLC Comm UL $37.29 0.08% $37.50 0.21 0.56% 9/27/2010 C&S
A.D.A.M. Inc. ADAM Ebix Inc EBIX $7.24 -3.60% $7.70 0.46 6.29% 8/30/2010 C&S
ADC Telecommunica ADCT Tyco Electronics TEL $12.69 0.16% $12.75 0.06 0.47% 7/13/2010 C&S
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.08 23.08% $0.08 0.00 -0.31% 3/23/2010 C&S
American Oil & Ga AEZ Hess Corporation HES $8.61 -0.23% $8.65 0.04 0.51% 7/28/2010 C&S
AGA Medical Holdi AGAM St. Jude Medical STJ $20.75 -0.19% $20.80 0.05 0.24% 10/18/2010 C&S
Alloy Inc. ALOY ZelnickMedia -- $9.75 0.10% $9.80 0.05 0.51% 6/24/2010 C&S
American Physicia AMPH Pro-Assurance Cor PRA $32.40 0.00% $32.50 0.10 0.31% 9/1/2010 Cash
Atlantic BancGrou ATBC Jacksonville Banc JAXB $2.03 -4.60% $2.17 0.14 6.79% 5/10/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $23.20 0.61% $24.23 1.03 4.42% 2/11/2010 C&S
BANCINSURANCE CP BCIS.OB Insiders -- $8.25 0.00% $8.50 0.25 3.03% 8/12/2010 Cash
Buckeye GP Holdin BGH Buckeye Partners BPL $42.83 0.30% $44.63 1.80 4.21% 6/11/2010 C&S
Bowne & Co. Inc. BNE R.R. Donnelley & RRD $11.35 0.00% $11.50 0.15 1.32% 2/23/2010 Cash
Cadence Financial CADE Community Bancorp -- $2.49 1.63% $2.50 0.01 0.40% 10/6/2010 C&S
Comm Bancorp Inc CCBP F.N.B. Corporatio FNB $39.27 0.00% $39.36 0.09 0.24% 8/9/2010 Cash
CENTER FOR WOUND CFWH.OB Sveric International -- $0.53 -1.48% $0.58 0.05 8.83% 10/6/2010 C&S
Capital Gold Corp CGC Gammon Gold Inc. GRS $4.39 1.62% $4.35 -0.04 -0.96% 10/7/2010 C&S
Central Jersey Ba CJBK Kearny Financial KRNY $7.42 0.00% $7.50 0.08 1.08% 5/25/2010 Cash
Clarient Inc. CLRT General Electric GE $4.97 -0.40% $5.00 0.03 0.60% 10/22/2010 C&S
Cellu Tissue Hold CLU Clearwater Paper CLW $11.94 0.17% $12.00 0.06 0.50% 9/16/2010 C&S
Cogent Inc. COGT 3M Company Common MMM $10.52 0.29% $10.50 -0.02 -0.19% 8/30/2010 C&S
Crucell NV CRXL Johnson & Johnson JNJ $32.41 -2.08% $34.59 2.18 6.72% 10/6/2010 C&S
Cardiac Science C CSCX Opto Circuits -- $2.28 -0.44% $2.30 0.02 0.88% 10/19/2010 C&S
CommScope Inc. C CTV Carlyle Group -- $31.66 0.06% $31.50 -0.16 -0.51% 10/27/2010 C&S
Dynamex Inc. DDMX Greenbriar Equity Group -- $21.14 0.19% $21.25 0.11 0.52% 10/1/2010 C&S
Rewards Network DINE Equity Group Investments -- $13.70 0.37% $13.75 0.05 0.36% 10/28/2010 C&S
Diamond Managemen DTPI PricewaterhouseCoopers -- $12.47 -0.08% $12.50 0.03 0.24% 8/24/2010 C&S
Dynegy Inc. (Dela DYN The Blackstone Gr BX $4.64 0.22% $4.50 -0.14 -3.02% 8/13/2010 C&S
Enterprise GP Hol EPE Enterprise Produc EPD $64.00 2.47% $64.28 0.28 0.43% 9/7/2010 C&S
First Chester Cou FCEC Tower Bancorp Inc TOBC $5.45 0.00% $5.60 0.15 2.74% 12/28/2009 Cash
First Franklin Co FFHS Cheviot Financial CHEV $14.19 0.07% $14.50 0.31 2.18% 10/13/2010 C&S
FIRST IPSWICH BCP FIWC.OB Brookline Bancorp BRKL $7.85 0.64% $8.10 0.25 3.18% 10/27/2010 C&S
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $6.85 3.01% $7.83 0.98 14.37% 10/15/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $9.26 0.00% $9.50 0.24 2.59% 10/25/2010 Cash
The Gymboree Corp GYMB Bain Capital Partners -- $65.06 -0.03% $65.40 0.34 0.52% 10/12/2010 C&S
Henry Bros. Elect HBE Kratos Defense & KTOS $6.94 -0.14% $7.00 0.06 0.86% 10/6/2010 C&S
Hawk Corporation HWK Carlisle Companie CSL $49.83 -0.10% $50.00 0.17 0.34% 10/15/2010 C&S
L-1 Identity Solu ID Safran -- $11.79 -0.17% $12.00 0.21 1.78% 9/20/2010 C&S
Internet Brands INET Hellman & Friedman Capital Partners -- $13.24 0.00% $13.35 0.11 0.83% 9/20/2010 Cash
ITC DELTACOM INC ITCD.OB EarthLink Inc. ELNK $2.99 0.00% $3.00 0.01 0.33% 10/1/2010 Cash
Keithley Instrume KEI Danaher Corporati DHR $21.58 0.19% $21.60 0.02 0.09% 9/28/2010 C&S
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.14 -0.07% $14.25 0.11 0.78% 10/12/2010 C&S
LSB Corporation LSBX People's United F PBCT $20.93 0.01% $21.00 0.07 0.32% 7/15/2010 C&S
Majestic Capital MAJC Bayside Capital Partners -- $0.40 3.53% $0.45 0.05 13.64% 9/21/2010 C&S
Maine & Maritimes MAM Emera -- $44.78 0.07% $45.00 0.22 0.49% 3/12/2010 C&S
Mariner Energy I ME Apache Corporatio APA $24.92 0.44% $25.02 0.10 0.39% 4/15/2010 C&S
MCAFEE Inc MFE Intel Corporation INTC $47.30 -0.06% $48.00 0.70 1.48% 8/19/2010 C&S
Mirant Corp Commo MIR RRI Energy Inc. RRI $10.61 -0.38% $10.66 0.05 0.47% 4/11/2010 C&S
Monroe Bancorp MROE Old National Banc ONB $11.34 1.25% $12.06 0.72 6.36% 10/6/2010 C&S
NewAlliance Bancs NAL First Niagara Fin FNFG $12.89 -0.15% $13.21 0.32 2.48% 8/19/2010 C&S
National Coal Cor NCOC Ranger Energy Investments -- $0.99 -0.08% $1.00 0.01 1.42% 9/28/2010 C&S
NightHawk Radiolo NHWK Virtual Radiologic -- $6.41 0.47% $6.50 0.09 1.40% 9/27/2010 C&S
Inergy Holdings NRGP Inergy L.P. Comm NRGY $30.20 0.63% $30.23 0.03 0.10% 8/9/2010 C&S
NSTAR Common Stoc NST Northeast Utiliti NU $41.71 0.17% $41.04 -0.67 -1.61% 10/18/2010 C&S
Nu Horizons Elect NUHC Arrow Electronics ARW $6.96 0.00% $7.00 0.04 0.57% 9/20/2010 Cash
Nymagic Inc. Com NYM ProSight Specialty Insurance -- $25.67 0.04% $25.75 0.08 0.31% 7/15/2010 C&S
Netezza Corporati NZ International Bus IBM $26.96 0.00% $27.00 0.04 0.15% 9/20/2010 Cash
SYNTHETECH INC NZYM.OB W.R. Grace & Comp GRA $1.11 0.91% $1.07 -0.04 -3.83% 9/15/2010 C&S
Occam Networks I OCNW Calix Inc Common CALX $7.37 -0.14% $7.53 0.16 2.18% 9/16/2010 C&S
O. I. Corporation OICO ITT Corporation C ITT $12.49 0.00% $12.35 -0.14 -1.12% 9/14/2010 Cash
Osteotech Inc. OSTE Medtronic Inc. Co MDT $6.49 0.31% $6.50 0.01 0.15% 8/17/2010 C&S
OTIX Global Inc OTIX William Demant Holding -- $10.95 -0.09% $11.01 0.06 0.55% 9/13/2010 C&S
PINNACLE GAS RES. PINN.PK Scotia Waterous -- $0.30 0.00% $0.34 0.04 13.33% 2/24/2010 Cash
POLYMER GRP CL A POLGA.OB Blackstone Capital Partners -- $16.10 0.62% $15.25 -0.85 -5.28% 10/4/2010 C&S
Penwest Pharmaceu PPCO Endo Pharmaceutic ENDP $5.00 0.00% $5.00 0.00 0.00% 8/10/2010 Cash
Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.60 0.17% $11.80 0.20 1.72% 2/17/2010 C&S
Psychiatric Solut PSYS Universal Health UHS $33.70 0.09% $33.75 0.05 0.15% 5/17/2010 C&S
Phoenix Technolog PTEC Marlin Equity Partners -- $4.10 0.00% $4.05 -0.05 -1.22% 8/17/2010 Cash
Pactiv Corporatio PTV Reynolds Group Holdings Limited -- $33.17 -0.06% $33.25 0.08 0.24% 8/17/2010 C&S
Penn Virginia GP PVG Penn Virginia Res PVR $25.11 2.11% $26.41 1.30 5.18% 9/21/2010 C&S
Prospect Medical PZZ Leonard Green & Partners -- $8.44 -0.12% $8.50 0.06 0.71% 8/16/2010 C&S
Qwest Communicati Q CenturyLink Inc. CTL $6.61 0.76% $6.89 0.28 4.17% 4/22/2010 C&S
RAE Systems Inc C RAE Battery Ventures -- $1.59 0.00% $1.60 0.01 0.63% 9/20/2010 Cash
Rock of Ages Corp ROAC Swenson Granite -- $5.24 0.96% $5.25 0.01 0.19% 10/18/2010 C&S
Rome Bancorp Inc ROME Berkshire Hills B BHLB $10.91 -0.37% $11.03 0.12 1.14% 10/12/2010 C&S
Res-Care Inc. RSCR ONEX CORPORATION OCX.TO $13.23 0.00% $13.25 0.02 0.15% 9/7/2010 Cash
Smithtown Bancorp SMTB People's United F PBCT $3.73 1.36% $3.76 0.03 0.77% 7/15/2010 C&S
Southern Connecti SSE Naugatuck Valley NVSL $6.04 0.17% $6.75 0.71 11.75% 2/23/2010 C&S
Student Loan Corp STU Discover Financia DFS $29.82 0.10% $30.00 0.18 0.60% 9/17/2010 C&S
Thermadyne Holdin THMD Irving Place Capital -- $15.08 0.20% $15.00 -0.08 -0.53% 10/5/2010 C&S
Talecris Biothera TLCR GRIFOLS A GRF.MC $24.52 0.74% $26.46 1.94 7.90% 6/7/2010 C&S
T-3 Energy Servic TTES Robbins & Myers RBN $33.47 0.21% $33.90 0.43 1.29% 10/6/2010 C&S
Microtune Inc. TUNE Zoran Corporation ZRAN $2.89 0.00% $2.92 0.03 1.04% 9/8/2010 Cash
Ulticom Inc. ULCM Platinum Equity -- $8.49 -1.16% $8.07 -0.42 -4.95% 10/12/2010 C&S
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.90 1.28% $8.25 0.35 4.43% 4/20/2010 C&S
PET DRX CORP VETS.PK VCA Antech Inc. WOOF $0.33 -0.45% $0.34 0.01 3.50% 6/2/2010 C&S
Expressjet Holdin XJT SkyWest Inc. SKYW $6.72 0.00% $6.75 0.03 0.45% 8/4/2010 Cash