Sunday, December 12, 2010

Merger Arbitrage Spreads December 13, 2010

Latest stock merger arbitrage spreads:

Target Ticker Acquirer Ticker Current
Price
Take Over
Price
Price Diff % Diff Date
Announced
Deal Type
AirTran Holdings AAI Southwest Airline LUV $7.46 $7.75 0.29 3.89% 9/27/2010 C&S
American Commerci ACLI Platinum Equity -- $32.95 $33.00 0.05 0.15% 10/18/2010 Cash
ActivIdentity Cor ACTI ASSA ABLOY AB -- $3.24 $3.25 0.01 0.31% 10/12/2010 Cash
Alberto-Culver Co ACV Unilever PLC Comm UL $37.23 $37.50 0.27 0.73% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $6.85 $7.01 0.16 2.37% 8/30/2010 Stock
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.1000 $0.1250 0.03 25.00% 3/23/2010 Stock
American Oil & Ga AEZ Hess Corporation HES $10.22 $10.23 0.01 0.11% 7/28/2010 Stock
Arbinet Corporati ARBX PRIMUS TELECOM GR PMUG.OB $7.54 $6.74 -0.80 -10.56% 11/11/2010 Stock
Art Technology Gr ARTG Oracle Corporatio ORCL $5.98 $6.00 0.02 0.33% 11/2/2010 Cash
Atlas Energy Inc ATLS Chevron Corporati CVX $43.49 $43.34 -0.15 -0.34% 11/9/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $23.12 $23.78 0.66 2.85% 2/11/2010 Stock
Baldor Electric C BEZ ABB Ltd Common St ABB $63.38 $63.50 0.12 0.19% 11/30/2010 Cash
BAKBONE SOFTWARE BKBO.OB Quest Software I QSFT $0.33 $0.33 0.01 1.54% 11/10/2010 Cash
BIOTEL INC BTEL.OB CardioNet Inc. BEAT $3.87 $3.84 -0.03 -0.78% 11/10/2010 Cash
Bucyrus Internati BUCY Caterpillar Inc. CAT $89.37 $92.00 2.63 2.94% 11/15/2010 Cash
Cadence Financial CADE Community Bancorp -- $2.45 $2.50 0.05 2.04% 10/6/2010 Cash
CAPRIUS INC CAPI.PK Vintage Capital Group -- $0.0600 $0.0650 $0.0050 8.33% 11/11/2010 Cash
Comm Bancorp Inc CCBP F.N.B. Corporatio FNB $43.75 $43.79 0.04 0.08% 8/9/2010 C&S
COMFORCE Corp. Co CFS ARBY Partners -- $2.48 $2.50 0.02 0.81% 12/2/2010 Cash
CENTER FOR WOUND CFWH.OB Sveric International -- $0.54 $0.57 0.03 5.98% 10/6/2010 Cash
Capital Gold Corp CGC Gammon Gold Inc. GRS $4.95 $4.84 -0.11 -2.17% 10/7/2010 C&S
Center Financial CLFC Nara Bancorp Inc NARA $7.15 $7.33 0.18 2.49% 11/9/2010 Stock
Clarient Inc. CLRT General Electric GE $5.00 $5.00 0.00 0.10% 10/22/2010 Cash
Cellu Tissue Hold CLU Clearwater Paper CLW $11.99 $12.00 0.01 0.08% 9/16/2010 Cash
ALL AMERICAN GROU COHM.PK American Group Holding -- $0.2270 $0.2000 -0.03 -11.89% 11/8/2010 Cash
CPI International CPII Veritas Capital Fund -- $19.35 $19.50 0.15 0.78% 11/29/2010 Cash
Crucell NV CRXL Johnson & Johnson JNJ $31.51 $32.73 1.22 3.88% 10/6/2010 Cash
CommScope Inc. C CTV Carlyle Group -- $31.34 $31.50 0.16 0.51% 10/27/2010 Cash
Dynamex Inc. DDMX Greenbriar Equity Group -- $25.26 $24.00 -1.26 -4.99% 10/1/2010 Cash
Rewards Network DINE Equity Group Investments -- $13.73 $13.75 0.02 0.17% 10/28/2010 Cash
Del Monte Foods C DLM Kohlberg Kravis Roberts -- $18.84 $19.00 0.16 0.85% 11/25/2010 Cash
Eurand N.V. EURX Axcan Holdings -- $11.77 $12.00 0.23 1.95% 12/1/2010 Cash
First Franklin Co FFHS Cheviot Financial CHEV $14.34 $14.50 0.16 1.12% 10/13/2010 Cash
FIRST IPSWICH BCP FIWC.OB Brookline Bancorp BRKL $7.80 $8.10 0.30 3.85% 10/27/2010 Cash
First Mercury Fin FMR FAIRFAX FINANCIAL FFH.TO $16.44 $16.50 0.06 0.36% 10/28/2010 Cash
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $7.10 $7.90 0.80 11.28% 10/15/2010 C&S
Nicor Inc. Commo GAS AGL Resources In AGL $49.89 $51.32 1.43 2.86% 12/7/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $9.74 $9.50 -0.24 -2.46% 10/25/2010 C&S
Henry Bros. Elect HBE Kratos Defense & KTOS $8.19 $8.20 0.01 0.12% 10/6/2010 Cash
Hypercom Corporat HYC Verifone Systems PAY $8.74 $9.25 0.51 5.82% 11/17/2010 Stock
L-1 Identity Solu ID Safran -- $11.87 $12.00 0.13 1.10% 9/20/2010 Cash
Internet Brands INET Hellman & Friedman Capital Partners -- $13.31 $13.35 0.04 0.30% 9/20/2010 Cash
Isilon Systems I ISLN EMC Corporation C EMC $33.82 $33.85 0.03 0.09% 11/15/2010 Cash
J. Crew Group In JCG TPG Capital and Leonard Green & Partners -- $43.81 $43.50 -0.31 -0.71% 11/23/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.21 $14.25 0.04 0.28% 10/12/2010 Cash
Ladish Co. Inc. LDSH Allegheny Technol ATI $47.86 $48.32 0.46 0.97% 11/17/2010 C&S
LTX-Credence Corp LTXC Verigy Ltd. VRGY $7.56 $12.72 5.16 68.25% 11/18/2010 Stock
Majestic Capital MAJC Bayside Capital Partners -- $4.20 $4.50 0.30 7.14% 9/21/2010 Cash
Maine & Maritimes MAM Emera -- $44.75 $45.00 0.25 0.56% 3/12/2010 Cash
Mediacom Communic MCCC CEO, Rocco B. Commisso -- $8.53 $8.75 0.22 2.58% 11/15/2010 Cash
MCAFEE Inc MFE Intel Corporation INTC $46.97 $48.00 1.03 2.19% 8/19/2010 Cash
Mercer Insurance MIGP United Fire & Cas UFCS $27.94 $28.25 0.31 1.11% 12/1/2010 Cash
Monroe Bancorp MROE Old National Banc ONB $13.68 $14.00 0.32 2.34% 10/6/2010 Stock
NewAlliance Bancs NAL First Niagara Fin FNFG $14.33 $14.60 0.27 1.88% 8/19/2010 C&S
National Coal Cor NCOC Ranger Energy Investments -- $0.9952 $1.00 0.00 0.48% 9/28/2010 Cash
NightHawk Radiolo NHWK Virtual Radiologic -- $6.47 $6.50 0.03 0.46% 9/27/2010 Cash
Novell Inc. NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $5.96 $6.10 0.14 2.35% 11/22/2010 Cash
NSTAR Common Stoc NST Northeast Utiliti NU $41.81 $41.55 -0.26 -0.62% 10/18/2010 Stock
Nu Horizons Elect NUHC Arrow Electronics ARW $6.96 $7.00 0.04 0.57% 9/20/2010 Cash
Occam Networks I OCNW Calix Inc Common CALX $8.36 $8.49 0.13 1.52% 9/16/2010 C&S
Optelecom-NKF In OPTC TKH Group -- $2.35 $2.45 0.10 4.26% 11/11/2010 Cash
Pennichuck Corpor PNNW City of Nashua -- $27.38 $29.00 1.62 5.92% 11/12/2010 Cash
POLYMER GRP CL A POLGA.OB Blackstone Capital Partners -- $16.40 $15.25 -1.15 -7.01% 10/4/2010 Cash
Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.72 $11.80 0.08 0.68% 2/17/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $26.94 $28.07 1.13 4.18% 9/21/2010 Stock
Prospect Medical PZZ Leonard Green & Partners -- $8.50 $8.50 0.00 0.00% 8/16/2010 Cash
Qwest Communicati Q CenturyLink Inc. CTL $7.33 $7.43 0.10 1.32% 4/22/2010 Stock
RAE Systems Inc C RAE Battery Ventures -- $1.64 $1.60 -0.04 -2.44% 9/20/2010 Cash
Rock of Ages Corp ROAC Swenson Granite -- $5.23 $5.25 0.02 0.38% 10/18/2010 Cash
Rome Bancorp Inc ROME Berkshire Hills B BHLB $11.44 $11.63 0.19 1.69% 10/12/2010 C&S
Res-Care Inc. RSCR ONEX CORPORATION OCX.TO $13.24 $13.25 0.01 0.08% 9/7/2010 Cash
Student Loan Corp STU Discover Financia DFS $30.00 $30.00 0.00 0.00% 9/17/2010 Cash
Syniverse Holding SVR Carlyle Group -- $30.85 $31.00 0.15 0.49% 10/28/2010 Cash
Tongjitang Chines TCM Insiders -- $4.47 $4.50 0.03 0.67% 11/1/2010 Cash
TechTeam Global TEAM Stefanini IT Solutions -- $8.44 $8.35 -0.09 -1.07% 11/2/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $22.29 $25.45 3.16 14.16% 6/7/2010 C&S
T-3 Energy Servic TTES Robbins & Myers RBN $38.78 $38.95 0.17 0.45% 10/6/2010 C&S
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.81 $8.38 0.57 7.34% 4/20/2010 C&S
VCG Holding Corpo VCGH Insiders -- $2.18 $2.25 0.07 3.21% 11/10/2010 Cash
Voltaire Ltd. VOLT Mellanox Technolo MLNX $8.66 $8.75 0.09 1.04% 11/29/2010 Cash
Wilmington Trust WL M&T Bank Corporat MTB $4.29 $4.37 0.08 1.81% 11/1/2010 Stock

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