The Risk Arbitrage Report for November 22, 2010

New Deals:

• Caterpillar (CAT) to acquire Bucyrus International (BUCY).
• EMC (EMC) to acquire Isilon Systems (ISLN).
• Allegheny Technologies (ATI) to acquire Ladish Co (LDSH). 
• Verigy (VRGY) to acquire LTX-Credence (LTXC).
• VeriFone (PAY) to acquire Hypercom Corp (HYC).
• CEO, Rocco Commisso, to acquire Mediacom Communications (MCCC). 

Completed Deals:

• Universal Health (UHS) completes acquisition of Psychiatric Solutions (PSYS). 
• Reynolds Group completes acquisition of Pactiv (PTV). 
• ITT Corp (ITT) completes acquisition of O.I. Corp (OICO).
• Medtronic (MDT) completes acquisition of Osteotech (OSTE).
• St. Jude Medical (STJ) completes acquisition of AGA medial (AGAM). 
• W.R. Grace (GRA) completes acquisition of Synthetech (NZYM.OB).
• Jacsonville Bancorp (JAXB) completes acquisition of Atlantic BancGroup (ATBC).

Updated Deals:

• The Blackstone Group (BX) increases merger consideration for Dynergy (DYN) to $5.00 from $4.50.
• Kratos (KTOS) raises merger consideration for Henry Bros. (HBE) to $8.20 from $7.00.
• St Jude Medical (STJ) updates exchange rate for AGA Medical (AGAM). 
• Onex Corp (OCX.TO) completes tender offer for Res-Care (RSCR). 
• M&T Bank (MTB) files S-4 for merger with Wilmington Trust (WL).
• Southwest Airlines (LUV) files S-4 for merger with AirTran Holdings (AAI).
• Carlyle Group and CommScope (CTV) receive early termination of HSR.
• Carlyle Group and Syniverse Holding (SVR) receive early termination of HSR.
• Clarient (CLRT) and General Electric (GE) receive early termination of HSR.
• Calix (CALX) and Occam Networks (OCNW) receive early termination of HSR.
• Platinum Equity and American Commercial Lines (ACLI) receive early termination of HSR.
• Keithly Instruments (KEI) shareholders approve merger with Danaher Corp (DHR) and Danaher refiles HSR.
• Phoenix Tech (PTEC) shareholders approve merger with Marlin Equity Partners.
• Robbins & Myers (RBN) and T-3 Energy (TTES) set Jan 7 for shareholder vote and receive early termination of HSR.
• Tyco Electronics (TEL) extends offer for ADC Telecom (ADCT) to Dec 8.
• L.B. Foster (FSTR) extends tender offer for Portec Rail (PRPX) until Dec 15. Tendered shares drop from 69.63% on 9/30 to 62.87% on 11/15.
• Tower Bancorp (TOBC) and First Chester (FCEC) update expected exchange ratio in the proposed merger. 
• LSB Corp (LSBX) and People's United (PBCT) receive final regulatory approval. 
• Smithtown Bancorp (SMTB) and People's United (PBCT) receive Office of Thrift Supervision approval.

To Read:

• Reuters: Fed official sounds buyout bubble alarm