Sunday, January 9, 2011

Merger Arbitrage Spreads January 10, 2011

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 $7.48 $7.75 0.27 3.61% 9/27/2010 C&S
Alberto-Culver Co ACV Unilever PLC Comm UL $37.03 $37.50 0.47 1.27% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $7.40 $7.64 0.24 3.28% 8/30/2010 Stock
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.1100 $0.1350 0.03 22.73% 3/23/2010 Stock
Applied Signal Te APSG Raytheon Company RTN $37.87 $38.00 0.13 0.34% 12/20/2010 Cash
Arbinet Corporati ARBX PRIMUS TELECOM GR PMUG.OB $8.44 $7.21 -1.23 -14.52% 11/11/2010 Stock
AMERICAN SURGICAL ASRG.OB Great Point Partners -- $2.85 $2.87 0.02 0.70% 12/21/2010 Cash
Atheros Communica ATHR QUALCOMM Incorpor QCOM $44.68 $45.00 0.32 0.72% 1/5/2011 Cash
Atlas Energy Inc ATLS Chevron Corporati CVX $44.05 $43.34 -0.71 -1.61% 11/9/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $25.15 $25.51 0.36 1.44% 2/11/2010 Stock
Baldor Electric C BEZ ABB Ltd Common St ABB $63.33 $63.50 0.17 0.27% 11/30/2010 Cash
BMP Sunstone Corp BJGP Sanofi-Aventis SA SNY $9.93 $10.00 0.07 0.70% 10/28/2010 Cash
BAKBONE SOFTWARE BKBO.OB Quest Software I QSFT $0.33 $0.33 0.00 1.44% 11/10/2010 Cash
Bucyrus Internati BUCY Caterpillar Inc. CAT $89.98 $92.00 2.02 2.24% 11/15/2010 Cash
Cadence Financial CADE Community Bancorp -- $2.49 $2.50 0.01 0.40% 10/6/2010 Cash
CAPRIUS INC CAPI.PK Vintage Capital Group -- $0.0500 $0.0650 $0.0150 30.00% 11/11/2010 Cash
Capital Gold Corp CGC Gammon Gold Inc. GRS $4.92 $4.79 -0.13 -2.74% 10/7/2010 C&S
Center Financial CLFC Nara Bancorp Inc NARA $7.41 $7.59 0.18 2.47% 11/9/2010 Stock
Compellent Techno CML Dell Inc. DELL $27.64 $27.75 0.11 0.40% 12/13/2010 Cash
ALL AMERICAN GROU COHM.PK American Group Holding -- $0.2200 $0.2000 -0.02 -9.09% 11/8/2010 Cash
CPEX Pharmaceutic CPEX Footstar Corp -- $26.66 $27.25 0.59 2.21% 1/4/2011 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 $30.94 $31.95 1.01 3.26% 10/6/2010 Cash
CommScope Inc. C CTV Carlyle Group -- $31.38 $31.50 0.12 0.38% 10/27/2010 Cash
Cypress Bioscienc CYPB Ramius V&O Acquisition -- $6.51 $6.50 -0.01 -0.15% 12/15/2010 Cash
Dynamex Inc. DDMX TransForce Inc -- $24.85 $25.00 0.15 0.60% 10/1/2010 Cash
Del Monte Foods C DLM Kohlberg Kravis Roberts -- $18.90 $19.00 0.10 0.53% 11/25/2010 Cash
Dionex Corporatio DNEX Thermo Fisher Sci TMO $117.80 $118.50 0.70 0.59% 12/13/2010 Cash
Dynegy Inc. (Dela DYN Icahn Enterprises IEP $5.73 $5.50 -0.23 -4.01% 12/15/2010 Cash
Eurand N.V. EURX Axcan Holdings -- $11.88 $12.00 0.12 1.01% 12/1/2010 Cash
First Franklin Co FFHS Cheviot Financial CHEV $14.25 $14.50 0.25 1.75% 10/13/2010 Cash
FIRST IPSWICH BCP FIWC.OB Brookline Bancorp BRKL $8.00 $8.10 0.10 1.25% 10/27/2010 Cash
First Mercury Fin FMR FAIRFAX FINANCIAL FFH.TO $16.46 $16.50 0.04 0.24% 10/28/2010 Cash
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $7.12 $7.77 0.65 9.09% 10/15/2010 C&S
Nicor Inc. Commo GAS AGL Resources In AGL $49.83 $51.33 1.50 3.02% 12/7/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $9.86 $9.50 -0.36 -3.65% 10/25/2010 C&S
HUDSON HOLDING CO HDHL.OB Rodman & Renshaw RODM $0.0810 $0.0845 0.00 4.32% 1/5/2011 Stock
Hypercom Corporat HYC Verifone Systems PAY $9.13 $9.59 0.46 5.02% 11/17/2010 Stock
L-1 Identity Solu ID Safran -- $11.90 $12.00 0.10 0.84% 9/20/2010 Cash
INFOLOGIX INC IFLG.PK Stanley Black & D SWK $4.70 $4.75 0.05 1.06% 12/16/2010 Cash
Jo-Ann Stores In JAS Leonard Green & Partners -- $60.16 $61.00 0.84 1.40% 12/23/2010 Cash
J. Crew Group In JCG TPG Capital and Leonard Green & Partners -- $44.22 $43.50 -0.72 -1.63% 11/23/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.10 $14.25 0.15 1.06% 10/12/2010 Cash
LaserCard Corpora LCRD ASSA ABLOY AB -- $6.24 $6.25 0.01 0.16% 12/21/2010 Cash
Ladish Co. Inc. LDSH Allegheny Technol ATI $48.82 $49.13 0.31 0.64% 11/17/2010 C&S
Legacy Bancorp I LEGC Berkshire Hills B BHLB $13.27 $13.87 0.60 4.55% 12/22/2010 C&S
LTX-Credence Corp LTXC Verigy Ltd. VRGY $7.43 $12.60 5.17 69.52% 11/18/2010 Stock
Majestic Capital MAJC Bayside Capital Partners -- $4.18 $4.50 0.32 7.66% 9/21/2010 Cash
Martek Bioscience MATK Royal DSM N.V. -- $31.35 $31.50 0.15 0.48% 12/21/2010 Cash
Mediacom Communic MCCC CEO, Rocco B. Commisso -- $8.60 $8.75 0.15 1.74% 11/15/2010 Cash
MIDCAROLINA FINL MCFI.OB American National AMNB $6.78 $7.71 0.93 13.75% 12/16/2010 Stock
MCAFEE Inc MFE Intel Corporation INTC $47.45 $48.00 0.55 1.16% 8/19/2010 Cash
New M&I Corporati MI Bank Of Montreal BMO $7.07 $7.38 0.31 4.40% 12/17/2010 Stock
Mercer Insurance MIGP United Fire & Cas UFCS $27.97 $28.25 0.28 1.00% 12/1/2010 Cash
Matrixx Initiativ MTXX H.I.G Capital -- $8.64 $8.00 -0.64 -7.41% 12/14/2010 Cash
NewAlliance Bancs NAL First Niagara Fin FNFG $15.10 $15.31 0.21 1.39% 8/19/2010 C&S
NGAS Resources I NGAS Magnum Hunter Res MHR $0.55 $0.61 0.06 10.09% 12/27/2010 Stock
Novell Inc. NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $5.95 $6.10 0.15 2.52% 11/22/2010 Cash
NORTH PENN BCORP NPBP.OB Norwood Financial NWFL $17.20 $18.90 1.70 9.86% 12/15/2010 C&S
NSTAR Common Stoc NST Northeast Utiliti NU $41.79 $41.50 -0.29 -0.70% 10/18/2010 Stock
Occam Networks I OCNW Calix Inc Common CALX $8.53 $8.59 0.06 0.67% 9/16/2010 C&S
Optelecom-NKF In OPTC TKH Group -- $2.43 $2.45 0.02 0.82% 11/11/2010 Cash
Pennichuck Corpor PNNW City of Nashua -- $27.35 $29.00 1.65 6.03% 11/12/2010 Cash
POLYMER GRP CL A POLGA.OB Blackstone Capital Partners -- $16.30 $15.25 -1.05 -6.44% 10/4/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $26.13 $27.58 1.45 5.54% 9/21/2010 Stock
Qwest Communicati Q CenturyLink Inc. CTL $7.39 $7.46 0.07 0.90% 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 -- $5.21 $5.25 0.04 0.77% 10/18/2010 Cash
Rome Bancorp Inc ROME Berkshire Hills B BHLB $11.99 $12.21 0.22 1.81% 10/12/2010 C&S
Sonic Solutions SNIC Rovi Corporation ROVI $14.68 $14.73 0.05 0.35% 12/22/2010 C&S
Syniverse Holding SVR Carlyle Group -- $30.96 $31.00 0.04 0.13% 10/28/2010 Cash
Tongjitang Chines TCM Insiders -- $4.35 $4.50 0.15 3.45% 11/1/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $22.89 $25.52 2.63 11.49% 6/7/2010 C&S
Todd Shipyards Co TOD Vigor Industrial -- $22.29 $22.27 -0.02 -0.09% 12/23/2010 Cash
T-3 Energy Servic TTES Robbins & Myers RBN $44.65 $44.76 0.11 0.26% 10/6/2010 C&S
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.08 $8.25 1.17 16.53% 4/20/2010 C&S
VCG Holding Corpo VCGH Insiders -- $2.20 $2.25 0.05 2.27% 11/10/2010 Cash
Voltaire Ltd. VOLT Mellanox Technolo MLNX $8.68 $8.75 0.07 0.81% 11/29/2010 Cash
Wilmington Trust WL M&T Bank Corporat MTB $4.38 $4.46 0.08 1.83% 11/1/2010 Stock
Whitney Holding C WTNY Hancock Holding C HBHC $13.62 $14.10 0.48 3.52% 12/22/2010 Stock

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