Sunday, October 24, 2010

Merger Arbitrage Spreads October 25, 2010

The latest stock merger arbitrage 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 $7.49 0.13% $7.75 0.26 3.47% 9/27/2010 C&S
American Commerci ACLI Platinum Equity -- $34.40 -0.58% $33.00 -1.40 -4.07% 10/18/2010 Cash
ActivIdentity Cor ACTI ASSA ABLOY AB -- $3.24 0.62% $3.25 0.01 0.31% 10/12/2010 Cash
Actel Corporation ACTL Microsemi Corpora MSCC $20.87 0.05% $20.88 0.01 0.05% 10/4/2010 Cash
Alberto-Culver Co ACV Unilever PLC Comm UL $37.42 -0.08% $37.50 0.08 0.21% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $6.86 1.48% $7.31 0.45 6.49% 8/30/2010 Stock
ADC Telecommunica ADCT Tyco Electronics TEL $12.71 0.00% $12.75 0.04 0.31% 7/13/2010 Cash
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.08 0.00% $0.08 0.01 6.67% 3/23/2010 Stock
American Oil & Ga AEZ Hess Corporation HES $8.64 0.12% $8.68 0.04 0.51% 7/28/2010 Stock
AGA Medical Holdi AGAM St. Jude Medical STJ $20.99 0.10% $20.80 -0.19 -0.91% 10/18/2010 Cash
Alloy Inc. ALOY ZelnickMedia -- $9.73 -0.08% $9.80 0.07 0.70% 6/24/2010 Cash
American Physicia AMPH Pro-Assurance Cor PRA $32.47 0.03% $32.50 0.03 0.09% 9/1/2010 Cash
Atlantic BancGrou ATBC Jacksonville Banc JAXB $2.07 0.00% $2.17 0.10 4.83% 5/10/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $23.74 -4.89% $25.03 1.29 5.42% 2/11/2010 Stock
BANCINSURANCE CP BCIS.OB Insiders -- $8.24 0.24% $8.50 0.26 3.16% 8/12/2010 Cash
Buckeye GP Holdin BGH Buckeye Partners BPL $42.54 -0.61% $44.33 1.79 4.21% 6/11/2010 Stock
Bowne & Co. Inc. BNE R.R. Donnelley & RRD $11.25 -1.06% $11.50 0.25 2.22% 2/23/2010 Cash
Cadence Financial CADE Community Bancorp -- $2.45 -2.00% $2.50 0.05 2.04% 10/6/2010 Cash
Comm Bancorp Inc CCBP F.N.B. Corporatio FNB $41.28 0.00% $40.40 -0.88 -2.13% 8/9/2010 C&S
CENTER FOR WOUND CFWH.OB Sveric International -- $0.54 1.70% $0.58 0.04 7.42% 10/6/2010 Cash
Capital Gold Corp CGC Gammon Gold Inc. GRS $4.33 0.46% $4.26 -0.07 -1.51% 10/7/2010 C&S
Central Jersey Ba CJBK Kearny Financial KRNY $7.45 0.00% $7.50 0.05 0.67% 5/25/2010 Cash
Clarient Inc. CLRT General Electric GE $4.98 33.02% $5.00 0.03 0.50% 10/22/2010 Cash
Cellu Tissue Hold CLU Clearwater Paper CLW $11.93 0.17% $12.00 0.07 0.59% 9/16/2010 Cash
Cogent Inc. COGT 3M Company Common MMM $10.51 0.00% $10.50 -0.01 -0.10% 8/30/2010 Cash
Crucell NV CRXL Johnson & Johnson JNJ $34.25 0.62% $34.53 0.28 0.82% 10/6/2010 Cash
Cardiac Science C CSCX Opto Circuits -- $2.28 0.44% $2.30 0.02 0.88% 10/19/2010 Cash
Dynamex Inc. DDMX Greenbriar Equity Group -- $21.08 0.00% $21.25 0.17 0.81% 10/1/2010 Cash
Diamond Managemen DTPI PricewaterhouseCoopers -- $12.48 -0.24% $12.50 0.02 0.16% 8/24/2010 Cash
Dynegy Inc. (Dela DYN The Blackstone Gr BX $4.76 -0.21% $4.50 -0.26 -5.46% 8/13/2010 Cash
Enterprise GP Hol EPE Enterprise Produc EPD $62.34 0.14% $63.11 0.77 1.23% 9/7/2010 Stock
First Chester Cou FCEC Tower Bancorp Inc TOBC $5.26 0.00% $10.05 4.79 91.10% 12/28/2009 Stock
First Franklin Co FFHS Cheviot Financial CHEV $14.16 -0.07% $14.50 0.34 2.40% 10/13/2010 Cash
The Gymboree Corp GYMB Bain Capital Partners -- $64.94 0.12% $65.40 0.46 0.71% 10/12/2010 Cash
Henry Bros. Elect HBE Kratos Defense & KTOS $6.94 0.00% $7.00 0.06 0.86% 10/6/2010 Cash
Hawk Corporation HWK Carlisle Companie CSL $49.88 -0.02% $50.00 0.12 0.24% 10/15/2010 Cash
L-1 Identity Solu ID Safran -- $11.83 -0.34% $12.00 0.17 1.44% 9/20/2010 Cash
Internet Brands INET Hellman & Friedman Capital Partners -- $13.28 -0.23% $13.35 0.07 0.53% 9/20/2010 Cash
ITC DELTACOM INC ITCD.OB EarthLink Inc. ELNK $3.00 0.00% $3.00 0.00 0.00% 10/1/2010 Cash
Keithley Instrume KEI Danaher Corporati DHR $21.52 -0.42% $21.60 0.08 0.37% 9/28/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.16 -0.07% $14.25 0.09 0.64% 10/12/2010 Cash
LSB Corporation LSBX People's United F PBCT $20.93 0.14% $21.00 0.07 0.33% 7/15/2010 Cash
Majestic Capital MAJC Bayside Capital Partners -- $0.39 0.18% $0.45 0.06 15.18% 9/21/2010 Cash
Maine & Maritimes MAM Emera -- $44.89 0.43% $45.00 0.11 0.25% 3/12/2010 Cash
Mariner Energy I ME Apache Corporatio APA $24.95 -1.11% $25.06 0.11 0.46% 4/15/2010 C&S
MCAFEE Inc MFE Intel Corporation INTC $47.35 -0.08% $48.00 0.65 1.37% 8/19/2010 Cash
Mirant Corp Commo MIR RRI Energy Inc. RRI $10.04 -2.90% $9.98 -0.06 -0.61% 4/11/2010 Stock
Monroe Bancorp MROE Old National Banc ONB $11.50 0.26% $12.75 1.25 10.87% 10/6/2010 Stock
NewAlliance Bancs NAL First Niagara Fin FNFG $13.05 0.38% $13.46 0.41 3.11% 8/19/2010 C&S
National Coal Cor NCOC Ranger Energy Investments -- $0.98 -0.04% $1.00 0.02 1.82% 9/28/2010 Cash
NightHawk Radiolo NHWK Virtual Radiologic -- $6.42 0.00% $6.50 0.08 1.25% 9/27/2010 Cash
Inergy Holdings NRGP Inergy L.P. Comm NRGY $30.15 0.40% $30.18 0.03 0.09% 8/9/2010 Stock
NSTAR Common Stoc NST Northeast Utiliti NU $40.84 0.72% $40.48 -0.36 -0.89% 10/18/2010 Stock
Nu Horizons Elect NUHC Arrow Electronics ARW $6.97 0.00% $7.00 0.03 0.43% 9/20/2010 Cash
Nymagic Inc. Com NYM ProSight Specialty Insurance -- $25.69 0.20% $25.75 0.06 0.23% 7/15/2010 Cash
Netezza Corporati NZ International Bus IBM $27.00 0.15% $27.00 0.00 0.00% 9/20/2010 Cash
SYNTHETECH INC NZYM.OB W.R. Grace & Comp GRA $1.10 0.00% $1.07 -0.03 -2.95% 9/15/2010 Cash
Occam Networks I OCNW Calix Inc Common CALX $7.45 0.54% $7.62 0.17 2.22% 9/16/2010 C&S
O. I. Corporation OICO ITT Corporation C ITT $12.41 -0.32% $12.35 -0.06 -0.48% 9/14/2010 Cash
OMNI Energy Servi OMNI Wellspring Capital Management -- $2.75 0.36% $2.75 0.00 0.00% 6/4/2010 Cash
Osteotech Inc. OSTE Medtronic Inc. Co MDT $6.47 -0.15% $6.50 0.03 0.46% 8/17/2010 Cash
OTIX Global Inc OTIX William Demant Holding -- $10.96 0.00% $11.01 0.05 0.46% 9/13/2010 Cash
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 -- $16.00 0.63% $15.25 -0.75 -4.69% 10/4/2010 Cash
Penwest Pharmaceu PPCO Endo Pharmaceutic ENDP $4.98 0.00% $5.00 0.02 0.40% 8/10/2010 Cash
Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.48 -0.17% $11.80 0.32 2.79% 2/17/2010 Cash
Psychiatric Solut PSYS Universal Health UHS $33.68 0.03% $33.75 0.07 0.21% 5/17/2010 Cash
Phoenix Technolog PTEC Marlin Equity Partners -- $4.09 0.49% $4.05 -0.04 -0.98% 8/17/2010 Cash
Pactiv Corporatio PTV Reynolds Group Holdings Limited -- $33.17 0.03% $33.25 0.08 0.24% 8/17/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $23.75 -1.53% $25.09 1.34 5.63% 9/21/2010 Stock
Prospect Medical PZZ Leonard Green & Partners -- $8.46 0.12% $8.50 0.04 0.47% 8/16/2010 Cash
Qwest Communicati Q CenturyLink Inc. CTL $6.46 0.46% $6.75 0.29 4.55% 4/22/2010 Stock
RAE Systems Inc C RAE Battery Ventures -- $1.58 -2.47% $1.60 0.02 1.27% 9/20/2010 Cash
Rock of Ages Corp ROAC Swenson Granite -- $5.19 -0.19% $5.25 0.06 1.16% 10/18/2010 Cash
Rome Bancorp Inc ROME Berkshire Hills B BHLB $10.96 1.01% $11.02 0.06 0.54% 10/12/2010 C&S
Res-Care Inc. RSCR ONEX CORPORATION OCX.TO $13.25 0.00% $13.25 0.00 0.00% 9/7/2010 Cash
Smithtown Bancorp SMTB People's United F PBCT $3.81 -0.26% $3.80 -0.01 -0.18% 7/15/2010 C&S
Southern Connecti SSE Naugatuck Valley NVSL $6.06 -0.66% $6.75 0.69 11.39% 2/23/2010 Cash
Student Loan Corp STU Discover Financia DFS $29.90 0.27% $30.00 0.10 0.33% 9/17/2010 Cash
Thermadyne Holdin THMD Irving Place Capital -- $15.05 -0.40% $15.00 -0.05 -0.33% 10/5/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $24.14 0.63% $26.40 2.26 9.38% 6/7/2010 C&S
Trubion Pharmaceu TRBN Emergent Biosolut EBS $4.59 -0.22% $4.41 -0.18 -3.98% 8/12/2010 C&S
T-3 Energy Servic TTES Robbins & Myers RBN $32.69 1.30% $33.08 0.39 1.19% 10/6/2010 C&S
Microtune Inc. TUNE Zoran Corporation ZRAN $2.90 0.35% $2.92 0.02 0.69% 9/8/2010 Cash
Ulticom Inc. ULCM Platinum Equity -- $8.28 2.22% $8.07 -0.21 -2.54% 10/12/2010 Cash
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $8.00 1.27% $8.25 0.25 3.13% 4/20/2010 C&S
PET DRX CORP VETS.PK VCA Antech Inc. WOOF $0.33 -0.61% $0.34 0.01 3.66% 6/2/2010 Cash
Expressjet Holdin XJT SkyWest Inc. SKYW $6.74 0.30% $6.75 0.01 0.15% 8/4/2010 Cash

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