- Baker Hughes (BHI) and BJ Services (BJS) shareholders approve merger.
- Baker Hughes (BHI) and BJ Services (BJS) reached understanding with DOJ.
Wednesday, March 31, 2010
The Risk Arbitrage Report for Apr 1, 2010
Tuesday, March 30, 2010
The Risk Arbitrage Report for Mar 31, 2010
- Microsemi (MSCC) to acquire White Electronic Design (WEDC) for $7 cash.
- Steak n Shake (SNS) completes acquisition of Western Sizzlin (WEST).
Monday, March 29, 2010
The Risk Arbitrage Report for Mar 30, 2010
- Avnet (AVT) to acquire Bell Microproducts (BELM).
- Harbinger Capital completes merger with Skyterra Comm (SKYT.OB).
- Highbury Financial (HBRF.OB) shareholders approve merger with Affiliated Management (AMG) and company sets Apr 15th as expected closing.
Saturday, March 27, 2010
The Risk Arbitrage Report for Mar 29, 2010
New Deals
- Mainland Resource (MNLU.OB) to acquire American Exploration (AEXP.OB).
- Dragon Pharma to be acquired by Chairman & CEO.
- Thoma Bravo to acquire Plato Learning (TUTR).
- AerCap (AER) completes merger with Genesis Lease (GLS).
- Iowa Telecom (IWA) shareholders approve merger with Windstream (WIN).
- Western Sizzlin (WEST) shareholders approve merger with Steak n Shake (SNS).
- First Energy (FE) and Allegheny Energy (AYE) file S-4 with the SEC.
- Haemonetics Corp (HAE) completes tender for Global Med Tech (GLOB.OB) and commences subsequent offer period that ends Mar 31.
- Allied Capital (ALD) shareholders approve merger with Ares Capital (ARCC).
- L.B. Foster (FSTR) and Portec Rail (PRPX) receive second request from DOJ.
- Firecom increases consideration for Synergx (SYNX.PK) to $0.70 from $0.60.
Merger Arbitrage Spreads for Mar 29, 2010
Target | Ticker | Acquirer | Ticker | Current Price |
Day Change | Take Over Price |
Price Diff | % Diff | Date Announced |
The Allied Defens | ADG | Chemring Group | Private | $7.18 | -0.14% | $7.25 | 0.07 | 0.97% | 1/18/2010 |
AMERICAN EXPLORAT | AEXP.OB | MAINLAND RESOURCE | MNLU.OB | $0.34 | 6.25% | $0.35 | 0.00 | 1.47% | 3/23/2010 |
Airvana Inc. | AIRV | 72 Mobile Holdings | Private | $7.71 | 0.13% | $7.65 | -0.06 | -0.78% | 12/18/2009 |
Allied Capital Co | ALD | Ares Capital Corp | ARCC | $4.91 | 4.25% | $4.97 | 0.06 | 1.24% | 10/26/2009 |
AMICAS Inc. | AMCS | Merge Healthcare | MRGE | $6.04 | 0.00% | $6.05 | 0.01 | 0.17% | 3/5/2010 |
Allegheny Energy | AYE | FirstEnergy Corpo | FE | $22.89 | -0.91% | $25.87 | 2.98 | 13.03% | 2/11/2010 |
BJ Services Compa | BJS | Baker Hughes Inco | BHI | $20.58 | 0.34% | $20.65 | 0.07 | 0.36% | 8/31/2009 |
Bowne & Co. Inc. | BNE | R.R. Donnelley & | RRD | $11.24 | 0.00% | $11.50 | 0.26 | 2.31% | 2/23/2010 |
BPW Acquisition C | BPW | Talbots Inc. (Th | TLB | $11.14 | 2.20% | $11.31 | 0.17 | 1.54% | 12/8/2009 |
Brink's Home Secu | CFL | Tyco Internationa | TYC | $42.30 | 0.19% | $42.50 | 0.20 | 0.47% | 1/19/2010 |
Chordiant Softwar | CHRD | Pegasystems Inc. | PEGA | $5.06 | -0.20% | $5.00 | -0.06 | -1.19% | 3/15/2010 |
COMSYS IT Partner | CITP | Manpower Inc Comm | MAN | $17.50 | -0.06% | $17.65 | 0.15 | 0.86% | 2/2/2010 |
CKE Restaurants | CKR | Thomas H Lee Partners | -- | $10.98 | 0.09% | $11.05 | 0.07 | 0.64% | 2/26/2010 |
3Com Corporation | COMS | Hewlett-Packard C | HPQ | $7.71 | 1.18% | $7.90 | 0.19 | 2.46% | 11/12/2009 |
Care Investment T | CRE | TipTree | -- | $8.92 | 0.00% | $9.00 | 0.08 | 0.90% | 3/16/2010 |
CRYSTAL RIVER CAP | CYRV.OB | Brookfield Asset Management | -- | $0.73 | -2.03% | $0.60 | -0.13 | -17.24% | 2/24/2010 |
Diedrich Coffee | DDRX | Green Mountain Co | GMCR | $34.86 | -0.06% | $35.00 | 0.14 | 0.40% | 11/25/2009 |
DRAGON PHARMA INC | DRUG.OB | Chairman & CEO | -- | $0.69 | 11.29% | $0.82 | 0.13 | 18.84% | 3/26/2010 |
Facet Biotech Cor | FACT | Abbott Laboratori | ABT | $27.00 | 0.15% | $27.00 | 0.00 | 0.00% | 3/10/2010 |
First Chester Cou | FCEC | Tower Bancorp Inc | TOBC | $10.40 | -0.86% | $12.24 | 1.84 | 17.69% | 12/28/2009 |
First Keystone Fi | FKFS | Bryn Mawr Bank Co | BMTC | $13.02 | 0.00% | $14.82 | 1.80 | 13.83% | 11/3/2009 |
FIRST LITCHFIELD | FLFL.OB | Union Savings Bank | -- | $14.75 | 0.00% | $15.00 | 0.25 | 1.69% | 10/26/2009 |
Cedar Fair L.P. | FUN | Siddur Holdings | Private | $11.70 | 0.09% | $11.50 | -0.20 | -1.71% | 12/16/2009 |
GLOBAL MED TECH I | GLOB.OB | Haemonetics Corpo | HAE | $1.21 | 0.00% | $1.22 | 0.01 | 0.83% | 2/1/2010 |
HIGHBURY FINANCL | HBRF.OB | Affiliated Manage | AMG | $7.03 | 0.86% | $7.70 | 0.67 | 9.60% | 12/14/2009 |
Harleysville Nati | HNBC | First Niagara Fin | FNFG | $6.72 | -1.47% | $6.76 | 0.04 | 0.65% | 7/27/2009 |
ICO Inc. | ICOC | A. Schulman Inc. | SHLM | $8.33 | -0.24% | $8.45 | 0.12 | 1.49% | 12/2/2009 |
infoGROUP Inc. | IUSA | CCMP Capital | -- | $7.88 | -0.13% | $8.00 | 0.12 | 1.52% | 3/8/2010 |
Iowa Telecommunic | IWA | Windstream Corpor | WIN | $17.08 | -0.18% | $16.94 | -0.14 | -0.84% | 11/24/2009 |
Javelin Pharmaceu | JAV | Myriad Pharmaceut | MYRX | $1.31 | 0.00% | $1.31 | 0.00 | 0.31% | 12/18/2009 |
K-Tron Internatio | KTII | Hillenbrand Inc C | HI | $149.84 | 0.03% | $150.00 | 0.16 | 0.11% | 1/11/2010 |
Lodgian Inc. New | LGN | Lone Star Funds | Private | $2.49 | 0.00% | $2.50 | 0.01 | 0.40% | 1/22/2010 |
Maine & Maritimes | MAM | Emera | -- | $43.46 | -0.44% | $45.00 | 1.54 | 3.54% | 3/12/2010 |
Millipore Corpora | MIL | Merck KGaA | -- | $105.46 | 0.06% | $107.00 | 1.54 | 1.46% | 3/1/2010 |
North Asia Invest | NHR | PACIFIC CITY FINL | PFCF.OB | $10.00 | 0.00% | $10.00 | 0.00 | 0.00% | 1/14/2010 |
NRG Energy Inc. | NRG | Exelon Corporatio | EXC | $20.25 | -0.34% | $23.54 | 3.29 | 16.24% | 10/19/2008 |
NURX PHARMACEUTIC | NUXP.OB | QUANTRX BIOMEDICA | QTXB.OB | $0.24 | 0.00% | $0.46 | 0.22 | 93.06% | 1/29/2010 |
OAK FINANCIAL COR | OKFC.OB | Chemical Financia | CHFC | $30.20 | 0.00% | $31.68 | 1.48 | 4.91% | 1/8/2010 |
Optimal Group In | OPMR | WowWee | Insider | $2.34 | -0.43% | $2.40 | 0.06 | 2.56% | 3/17/2010 |
The Orchard Enter | ORCD | Dimensional Associates | -- | $2.00 | -0.50% | $2.05 | 0.05 | 2.50% | 3/6/2010 |
Peco Ii Inc. | PIII | Lineage Power | -- | $5.80 | 0.00% | $5.86 | 0.06 | 1.03% | 2/18/2010 |
Pinnacle Gas Reso | PINN | Scotia Waterou | -- | $0.33 | -0.34% | $0.34 | 0.02 | 4.62% | 2/24/2010 |
Portec Rail Produ | PRPX | L.B. Foster Compa | FSTR | $11.60 | -0.09% | $11.71 | 0.11 | 0.95% | 2/17/2010 |
Sport Supply Grou | RBI | ONCAP Management Partners | -- | $13.47 | 0.52% | $13.55 | 0.08 | 0.59% | 3/15/2010 |
RCN Corp. | RCNI | ABRY Partners | -- | $15.35 | 0.85% | $15.00 | -0.35 | -2.28% | 3/5/2010 |
Riskmetrics Group | RISK | MSCI Inc Class A | MXB | $22.39 | 0.00% | $22.79 | 0.40 | 1.80% | 3/1/2010 |
Switch & Data Fac | SDXC | Equinix Inc. | EQIX | $17.65 | -1.40% | $18.79 | 1.14 | 6.45% | 10/21/2009 |
Sauer-Danfoss Inc | SHS | Danfoss | -- | $13.26 | 0.45% | $13.25 | -0.01 | -0.08% | 3/9/2010 |
Smith Internation | SII | Schlumberger N.V. | SLB | $41.62 | 1.69% | $42.96 | 1.34 | 3.22% | 2/22/2010 |
SkillSoft plc | SKIL | SSI Investments | -- | $10.28 | -2.19% | $10.80 | 0.52 | 5.06% | 2/12/2010 |
SKYTERRA COMMUNIC | SKYT.OB | Harbinger Capital Partners | -- | $4.90 | -0.81% | $5.00 | 0.10 | 2.04% | 9/23/2009 |
Sinoenergy Corpor | SNEN | Company's chairman and president | Private | $1.68 | 0.60% | $1.90 | 0.22 | 13.10% | 10/12/2009 |
Southern Connecti | SSE | Naugatuck Valley | NVSL | $6.56 | -0.15% | $7.25 | 0.69 | 10.52% | 2/23/2010 |
Silicon Storage T | SSTI | Microchip Technol | MCHP | $3.06 | -0.65% | $3.05 | -0.01 | -0.33% | 2/3/2010 |
Sterling Banks I | STBK | Roma Financial Co | ROMA | $2.34 | 0.00% | $2.52 | 0.18 | 7.69% | 3/18/2010 |
Southwest Water C | SWWC | Long-Term Infrastructure Investor Group | -- | $10.42 | -0.29% | $11.00 | 0.58 | 5.57% | 3/3/2010 |
SYNERGX SYS INC | SYNX.PK | Firecom | Private | $0.62 | 0.00% | $0.70 | 0.08 | 12.90% | 1/25/2010 |
Meridian Resource | TMR | Alta Mesa Holding | -- | $0.26 | -3.70% | $0.29 | 0.03 | 11.54% | 12/23/2009 |
Terra Industries | TRA | CF Industries Hol | CF | $45.96 | 0.79% | $46.03 | 0.07 | 0.15% | 3/10/2010 |
PLATO Learning In | TUTR | Thoma Bravo | -- | $5.52 | 12.42% | $5.60 | 0.08 | 1.45% | 3/26/2010 |
Techwell Inc. | TWLL | Intersil Corporat | ISIL | $18.41 | 0.00% | $18.50 | 0.09 | 0.49% | 3/22/2010 |
Youbet.com Inc. | UBET | Churchill Downs | CHDN | $3.13 | 0.97% | $3.23 | 0.10 | 3.09% | 11/12/2009 |
Varian Inc. | VARI | Agilent Technolog | A | $51.79 | 0.02% | $52.00 | 0.21 | 0.41% | 7/26/2009 |
Western Sizzlin C | WEST | Steak n Shake Com | SNS | $9.05 | 0.43% | $8.07 | -0.98 | -10.82% | 10/22/2009 |
Waste Services I | WSII | IESI-BFC Ltd Comm | BIN | $10.18 | 0.30% | $10.34 | 0.16 | 1.53% | 11/12/2009 |
XTO Energy Inc. C | XTO | Exxon Mobil Corpo | XOM | $46.87 | 0.26% | $47.23 | 0.36 | 0.77% | 12/14/2009 |
Zenith National I | ZNT | Fairfax Financial | -- | $38.25 | -0.03% | $38.00 | -0.25 | -0.65% | 2/18/2010 |
Zareba Systems I | ZRBA | Woodstream | -- | $8.96 | -0.11% | $9.00 | 0.04 | 0.45% | 1/11/2010 |
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