Monday, January 24, 2011

Merger Arbitrage Spreads January 24, 2011

The 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 $37.17 $37.50 0.33 0.89% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $7.09 $7.29 0.20 2.82% 8/30/2010 Stock
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.1600 $0.1718 0.01 7.34% 3/23/2010 Stock
Applied Signal Te APSG Raytheon Company RTN $37.90 $38.00 0.10 0.26% 12/20/2010 Cash
Arbinet Corporati ARBX PRIMUS TELECOM GR PMUG.OB $9.34 $8.22 -1.12 -12.04% 11/11/2010 Stock
AMERICAN SURGICAL ASRG.OB Great Point Partners -- $2.90 $2.87 -0.03 -1.03% 12/21/2010 Cash
Atheros Communica ATHR QUALCOMM Incorpor QCOM $44.53 $45.00 0.47 1.06% 1/5/2011 Cash
Atlas Energy Inc ATLS Chevron Corporati CVX $43.96 $43.34 -0.62 -1.41% 11/9/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $26.10 $26.39 0.29 1.12% 2/11/2010 Stock
Baldor Electric C BEZ ABB Ltd Common St ABB $63.50 $63.50 0.00 0.00% 11/30/2010 Cash
BMP Sunstone Corp BJGP Sanofi-Aventis SA SNY $9.91 $10.00 0.09 0.91% 10/28/2010 Cash
Bucyrus Internati BUCY Caterpillar Inc. CAT $90.42 $92.00 1.58 1.75% 11/15/2010 Cash
Cadence Financial CADE Community Bancorp -- $2.48 $2.50 0.02 0.81% 10/6/2010 Cash
CAPRIUS INC CAPI.PK Vintage Capital Group -- $0.0560 $0.0650 $0.0090 16.07% 11/11/2010 Cash
Capital Gold Corp CGC Gammon Gold Inc. GRS $4.67 $4.58 -0.09 -1.99% 10/7/2010 C&S
Center Financial CLFC Nara Bancorp Inc NARA $7.14 $7.20 0.06 0.88% 11/9/2010 Stock
Compellent Techno CML Dell Inc. DELL $27.64 $27.75 0.11 0.40% 12/13/2010 Cash
Conexant Systems CNXT Standard Microsys SMSC $2.04 $2.15 0.11 5.48% 1/10/2011 C&S
ALL AMERICAN GROU COHM.PK American Group Holding -- $0.2500 $0.2000 -0.05 -20.00% 11/8/2010 Cash
CPEX Pharmaceutic CPEX Footstar Corp -- $26.70 $27.25 0.55 2.06% 1/4/2011 Cash
CPI International CPII Veritas Capital Fund -- $19.40 $19.50 0.10 0.52% 11/29/2010 Cash
Crucell NV CRXL Johnson & Johnson JNJ $33.05 $33.66 0.61 1.84% 10/6/2010 Cash
Dynamex Inc. DDMX TransForce Inc -- $24.89 $25.00 0.11 0.44% 10/1/2010 Cash
Del Monte Foods C DLM Kohlberg Kravis Roberts -- $18.88 $19.00 0.12 0.64% 11/25/2010 Cash
Danvers Bancorp DNBK People's United F PBCT $21.65 $22.14 0.49 2.26% 1/20/2011 C&S
Dionex Corporatio DNEX Thermo Fisher Sci TMO $118.03 $118.50 0.47 0.40% 12/13/2010 Cash
Dynegy Inc. (Dela DYN Icahn Enterprises IEP $5.64 $5.50 -0.14 -2.48% 12/15/2010 Cash
Eurand N.V. EURX Axcan Holdings -- $11.97 $12.00 0.03 0.25% 12/1/2010 Cash
First Franklin Co FFHS Cheviot Financial CHEV $14.40 $14.50 0.10 0.69% 10/13/2010 Cash
FIRST IPSWICH BCP FIWC.OB Brookline Bancorp BRKL $8.10 $8.10 0.00 0.00% 10/27/2010 Cash
First Mercury Fin FMR FAIRFAX FINANCIAL FFH.TO $16.42 $16.50 0.08 0.49% 10/28/2010 Cash
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $7.40 $8.30 0.90 12.20% 10/15/2010 C&S
Nicor Inc. Commo GAS AGL Resources In AGL $50.30 $51.79 1.49 2.97% 12/7/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $9.90 $9.50 -0.40 -4.04% 10/25/2010 C&S
HUDSON HOLDING CO HDHL.OB Rodman & Renshaw RODM $0.0800 $0.0798 0.00 -0.29% 1/5/2011 Stock
Hypercom Corporat HYC Verifone Systems PAY $9.05 $9.47 0.42 4.63% 11/17/2010 Stock
L-1 Identity Solu ID Safran -- $11.89 $12.00 0.11 0.93% 9/20/2010 Cash
Jo-Ann Stores In JAS Leonard Green & Partners -- $60.28 $61.00 0.72 1.19% 12/23/2010 Cash
J. Crew Group In JCG TPG Capital and Leonard Green & Partners -- $43.47 $43.50 0.03 0.07% 11/23/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.20 $14.25 0.05 0.35% 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 $50.35 $50.56 0.21 0.41% 11/17/2010 C&S
Legacy Bancorp I LEGC Berkshire Hills B BHLB $12.98 $13.29 0.31 2.37% 12/22/2010 C&S
LTX-Credence Corp LTXC Verigy Ltd. VRGY $7.92 $12.33 4.41 55.64% 11/18/2010 Stock
Majestic Capital MAJC Bayside Capital Partners -- $4.25 $4.50 0.25 5.88% 9/21/2010 Cash
Martek Bioscience MATK Royal DSM N.V. -- $31.45 $31.50 0.05 0.16% 12/21/2010 Cash
Mediacom Communic MCCC CEO, Rocco B. Commisso -- $8.58 $8.75 0.17 1.98% 11/15/2010 Cash
MIDCAROLINA FINL MCFI.OB American National AMNB $6.75 $6.66 -0.09 -1.34% 12/16/2010 Stock
MCAFEE Inc MFE Intel Corporation INTC $47.68 $48.00 0.32 0.67% 8/19/2010 Cash
MICROFLUIDICS INT MFLU.OB IDEX Corporation IEX $1.33 $1.35 0.02 1.49% 1/11/2011 Cash
New M&I Corporati MI Bank Of Montreal BMO $7.13 $7.45 0.32 4.53% 12/17/2010 Stock
Mercer Insurance MIGP United Fire & Cas UFCS $28.01 $28.25 0.24 0.86% 12/1/2010 Cash
Matrixx Initiativ MTXX H.I.G Capital -- $7.97 $8.00 0.03 0.38% 12/14/2010 Cash
NewAlliance Bancs NAL First Niagara Fin FNFG $14.91 $15.09 0.18 1.19% 8/19/2010 C&S
NGAS Resources I NGAS Magnum Hunter Res MHR $0.5780 $0.5981 0.02 3.48% 12/27/2010 Stock
NovaMed Inc. NOVA Surgery Center Holdings -- $13.19 $13.25 0.06 0.45% 1/21/2011 Cash
Novell Inc. NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $5.94 $6.10 0.16 2.69% 11/22/2010 Cash
NORTH PENN BCORP NPBP.OB Norwood Financial NWFL $17.25 $18.60 1.35 7.82% 12/15/2010 C&S
NSTAR Common Stoc NST Northeast Utiliti NU $42.79 $42.74 -0.05 -0.11% 10/18/2010 Stock
NULOCH RES INC NULCF.PK Magnum Hunter Res MHR $2.28 $2.34 0.06 2.45% 1/18/2011 Stock
Occam Networks I OCNW Calix Inc Common CALX $8.37 $8.45 0.08 0.95% 9/16/2010 C&S
Optelecom-NKF In OPTC TKH Group -- $2.43 $2.45 0.02 0.82% 11/11/2010 Cash
Progress Energy I PGN Duke Energy Corpo DUK $45.17 $47.44 2.27 5.03% 1/10/2011 Stock
Playboy Enterpris PLA Insiders -- $6.10 $6.15 0.05 0.82% 1/10/2011 Cash
PLAYBOY ENTERPRIS PLA-A Insiders -- $6.10 $6.15 0.05 0.82% 1/10/2011 Cash
Pennichuck Corpor PNNW City of Nashua -- $27.95 $29.00 1.05 3.76% 11/12/2010 Cash
POLYMER GRP CL A POLGA.OB Blackstone Capital Partners -- $16.28 $15.25 -1.03 -6.33% 10/4/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $25.84 $26.86 1.02 3.95% 9/21/2010 Stock
Qwest Communicati Q CenturyLink Inc. CTL $6.91 $7.02 0.11 1.53% 4/22/2010 Stock
RAE Systems Inc C RAE Vector Capital -- $1.71 $1.75 0.04 2.34% 1/18/2011 Cash
Rome Bancorp Inc ROME Berkshire Hills B BHLB $11.70 $11.80 0.10 0.81% 10/12/2010 C&S
Sterling Bancshar SBIB Comerica Incorpor CMA $9.30 $9.34 0.04 0.45% 1/18/2011 Stock
Sonic Solutions SNIC Rovi Corporation ROVI $14.79 $14.82 0.03 0.19% 12/22/2010 C&S
Tongjitang Chines TCM Insiders -- $4.39 $4.50 0.11 2.51% 11/1/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $23.88 $26.10 2.22 9.30% 6/7/2010 C&S
Todd Shipyards Co TOD Vigor Industrial -- $22.29 $22.27 -0.02 -0.09% 12/23/2010 Cash
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.00 $8.25 1.25 17.86% 4/20/2010 C&S
VCG Holding Corpo VCGH Insiders -- $2.19 $2.25 0.06 2.74% 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 $4.36 $4.46 0.10 2.24% 11/1/2010 Stock
Whitney Holding C WTNY Hancock Holding C HBHC $13.64 $14.05 0.41 3.03% 12/22/2010 Stock

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