Sunday, December 19, 2010

Merger Arbitrage Spreads December 20, 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 $7.44 $7.75 0.31 4.17% 9/27/2010 C&S
American Commerci ACLI Platinum Equity -- $32.97 $33.00 0.03 0.09% 10/18/2010 Cash
Alberto-Culver Co ACV Unilever PLC Comm UL $37.19 $37.50 0.31 0.83% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $6.99 $7.26 0.27 3.93% 8/30/2010 Stock
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.1200 $0.1288 0.01 7.29% 3/23/2010 Stock
American Oil & Ga AEZ Hess Corporation HES $10.20 $10.36 0.16 1.55% 7/28/2010 Stock
Arbinet Corporati ARBX PRIMUS TELECOM GR PMUG.OB $8.50 $6.96 -1.54 -18.14% 11/11/2010 Stock
Art Technology Gr ARTG Oracle Corporatio ORCL $5.97 $6.00 0.03 0.50% 11/2/2010 Cash
Atlas Energy Inc ATLS Chevron Corporati CVX $43.48 $43.34 -0.14 -0.32% 11/9/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $23.67 $24.20 0.53 2.23% 2/11/2010 Stock
Baldor Electric C BEZ ABB Ltd Common St ABB $63.22 $63.50 0.28 0.44% 11/30/2010 Cash
BAKBONE SOFTWARE BKBO.OB Quest Software I QSFT $0.32 $0.33 0.01 2.07% 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 $89.63 $92.00 2.37 2.64% 11/15/2010 Cash
Cadence Financial CADE Community Bancorp -- $2.47 $2.50 0.03 1.21% 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 $43.04 $42.99 -0.05 -0.12% 8/9/2010 C&S
COMFORCE Corp. Co CFS ARBY Partners -- $2.49 $2.50 0.01 0.40% 12/2/2010 Cash
CENTER FOR WOUND CFWH.OB Sveric International -- $0.56 $0.57 0.01 1.25% 10/6/2010 Cash
Capital Gold Corp CGC Gammon Gold Inc. GRS $5.13 $4.80 -0.33 -6.41% 10/7/2010 C&S
Center Financial CLFC Nara Bancorp Inc NARA $6.97 $7.19 0.22 3.12% 11/9/2010 Stock
Clarient Inc. CLRT General Electric GE $5.00 $5.00 0.00 0.00% 10/22/2010 Cash
Cellu Tissue Hold CLU Clearwater Paper CLW $11.97 $12.00 0.03 0.25% 9/16/2010 Cash
Compellent Techno CML Dell Inc. DELL $27.83 $27.75 -0.08 -0.29%   Cash
ALL AMERICAN GROU COHM.PK American Group Holding -- $0.2152 $0.2000 -0.02 -7.06% 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 $31.26 $32.55 1.29 4.11% 10/6/2010 Cash
CommScope Inc. C CTV Carlyle Group -- $31.26 $31.50 0.24 0.77% 10/27/2010 Cash
Cypress Bioscienc CYPB Ramius V&O Acquisition -- $6.45 $6.50 0.05 0.78% 12/15/2010 Cash
Dynamex Inc. DDMX TransForce Inc -- $24.71 $25.00 0.29 1.17% 10/1/2010 Cash
Del Monte Foods C DLM Kohlberg Kravis Roberts -- $18.74 $19.00 0.26 1.39% 11/25/2010 Cash
Dionex Corporatio DNEX Thermo Fisher Sci TMO $118.15 $118.50 0.35 0.30% 12/13/2010 Cash
Dynegy Inc. (Dela DYN Icahn Enterprises IEP $5.63 $5.50 -0.13 -2.31% 12/15/2010 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 $7.95 $8.10 0.15 1.89% 10/27/2010 Cash
First Mercury Fin FMR FAIRFAX FINANCIAL FFH.TO $16.20 $16.50 0.30 1.85% 10/28/2010 Cash
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $7.10 $7.63 0.53 7.51% 10/15/2010 C&S
Nicor Inc. Commo GAS AGL Resources In AGL $49.67 $51.05 1.38 2.77% 12/7/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $9.63 $9.50 -0.13 -1.35% 10/25/2010 C&S
Hypercom Corporat HYC Verifone Systems PAY $8.66 $9.23 0.57 6.53% 11/17/2010 Stock
L-1 Identity Solu ID Safran -- $11.86 $12.00 0.14 1.18% 9/20/2010 Cash
INFOLOGIX INC IFLG.PK Stanley Black & D SWK $4.63 $4.75 0.12 2.59% 12/16/2010 Cash
Isilon Systems I ISLN EMC Corporation C EMC $33.83 $33.85 0.02 0.06% 11/15/2010 Cash
J. Crew Group In JCG TPG Capital and Leonard Green & Partners -- $43.63 $43.50 -0.13 -0.30% 11/23/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.09 $14.25 0.16 1.14% 10/12/2010 Cash
Ladish Co. Inc. LDSH Allegheny Technol ATI $49.78 $50.25 0.47 0.95% 11/17/2010 C&S
LTX-Credence Corp LTXC Verigy Ltd. VRGY $7.50 $12.68 5.18 69.09% 11/18/2010 Stock
Majestic Capital MAJC Bayside Capital Partners -- $4.28 $4.50 0.22 5.14% 9/21/2010 Cash
Maine & Maritimes MAM Emera -- $44.97 $45.00 0.03 0.07% 3/12/2010 Cash
Mediacom Communic MCCC CEO, Rocco B. Commisso -- $8.47 $8.75 0.28 3.31% 11/15/2010 Cash
MIDCAROLINA FINL MCFI.OB American National AMNB $6.75 $7.44 0.69 10.24% 12/16/2010 Stock
MCAFEE Inc MFE Intel Corporation INTC $46.37 $48.00 1.63 3.52% 8/19/2010 Cash
New M&I Corporati MI Bank Of Montreal BMO $6.85 $7.20 0.35 5.07% 12/17/2010 Stock
Mercer Insurance MIGP United Fire & Cas UFCS $27.93 $28.25 0.32 1.15% 12/1/2010 Cash
Monroe Bancorp MROE Old National Banc ONB $14.50 $14.00 -0.50 -3.45% 10/6/2010 Stock
Matrixx Initiativ MTXX H.I.G Capital -- $8.13 $8.00 -0.13 -1.60% 12/14/2010 Cash
NewAlliance Bancs NAL First Niagara Fin FNFG $14.43 $14.87 0.44 3.08% 8/19/2010 C&S
NightHawk Radiolo NHWK Virtual Radiologic -- $6.48 $6.50 0.02 0.31% 9/27/2010 Cash
Novell Inc. NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $6.00 $6.10 0.10 1.67% 11/22/2010 Cash
NORTH PENN BCORP NPBP.OB Norwood Financial NWFL $16.64 $18.76 2.12 12.72% 12/15/2010 C&S
NSTAR Common Stoc NST Northeast Utiliti NU $42.23 $41.83 -0.40 -0.96% 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 $8.39 $8.48 0.09 1.09% 9/16/2010 C&S
Optelecom-NKF In OPTC TKH Group -- $2.39 $2.45 0.06 2.51% 11/11/2010 Cash
Pennichuck Corpor PNNW City of Nashua -- $27.40 $29.00 1.60 5.84% 11/12/2010 Cash
POLYMER GRP CL A POLGA.OB Blackstone Capital Partners -- $16.39 $15.25 -1.14 -6.96% 10/4/2010 Cash
Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.79 $11.80 0.01 0.08% 2/17/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $24.89 $26.42 1.53 6.15% 9/21/2010 Stock
Qwest Communicati Q CenturyLink Inc. CTL $7.41 $7.51 0.10 1.34% 4/22/2010 Stock
RAE Systems Inc C RAE Battery Ventures -- $1.63 $1.60 -0.03 -1.84% 9/20/2010 Cash
Rock of Ages Corp ROAC Swenson Granite -- $5.19 $5.25 0.06 1.16% 10/18/2010 Cash
Rome Bancorp Inc ROME Berkshire Hills B BHLB $11.13 $11.58 0.45 4.02% 10/12/2010 C&S
Res-Care Inc. RSCR ONEX CORPORATION OCX.TO $13.62 $13.25 -0.37 -2.72% 9/7/2010 Cash
Student Loan Corp STU Discover Financia DFS $29.90 $30.00 0.10 0.33% 9/17/2010 Cash
Syniverse Holding SVR Carlyle Group -- $30.75 $31.00 0.25 0.81% 10/28/2010 Cash
Tongjitang Chines TCM Insiders -- $4.28 $4.50 0.22 5.14% 11/1/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $22.35 $25.46 3.11 13.94% 6/7/2010 C&S
T-3 Energy Servic TTES Robbins & Myers RBN $38.94 $39.21 0.27 0.70% 10/6/2010 C&S
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.45 $8.46 1.01 13.59% 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 $8.65 $8.75 0.10 1.16% 11/29/2010 Cash
Wilmington Trust WL M&T Bank Corporat MTB $4.08 $4.25 0.17 4.19% 11/1/2010 Stock

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