Sunday, January 2, 2011

Merger Arbitrage Spreads January 3, 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 $7.39 $7.75 0.36 4.87% 9/27/2010 C&S
Alberto-Culver Co ACV Unilever PLC Comm UL $37.04 $37.50 0.46 1.24% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $7.18 $7.39 0.21 2.92% 8/30/2010 Stock
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.1100 $0.1288 0.02 17.05% 3/23/2010 Stock
Applied Signal Te APSG Raytheon Company RTN $37.89 $38.00 0.11 0.29% 12/20/2010 Cash
Arbinet Corporati ARBX PRIMUS TELECOM GR PMUG.OB $8.41 $6.69 -1.72 -20.45% 11/11/2010 Stock
Art Technology Gr ARTG Oracle Corporatio ORCL $5.98 $6.00 0.02 0.33% 11/2/2010 Cash
AMERICAN SURGICAL ASRG.OB Great Point Partners -- $2.82 $2.87 0.05 1.77% 12/21/2010 Cash
Atlas Energy Inc ATLS Chevron Corporati CVX $43.97 $43.34 -0.63 -1.43% 11/9/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $24.24 $24.69 0.45 1.87% 2/11/2010 Stock
Baldor Electric C BEZ ABB Ltd Common St ABB $63.04 $63.50 0.46 0.73% 11/30/2010 Cash
BAKBONE SOFTWARE BKBO.OB Quest Software I QSFT $0.33 $0.33 0.00 1.51% 11/10/2010 Cash
Bucyrus Internati BUCY Caterpillar Inc. CAT $89.40 $92.00 2.60 2.91% 11/15/2010 Cash
Cadence Financial CADE Community Bancorp -- $2.46 $2.50 0.04 1.63% 10/6/2010 Cash
CAPRIUS INC CAPI.PK Vintage Capital Group -- $0.0500 $0.0650 $0.0150 30.00% 11/11/2010 Cash
Comm Bancorp Inc CCBP F.N.B. Corporatio FNB $44.07 $43.92 -0.15 -0.33% 8/9/2010 C&S
Capital Gold Corp CGC Gammon Gold Inc. GRS $5.07 $5.06 -0.01 -0.27% 10/7/2010 C&S
Center Financial CLFC Nara Bancorp Inc NARA $7.58 $7.69 0.11 1.46% 11/9/2010 Stock
Compellent Techno CML Dell Inc. DELL $27.59 $27.75 0.16 0.58% 12/13/2010 Cash
ALL AMERICAN GROU COHM.PK American Group Holding -- $0.2150 $0.2000 -0.02 -6.98% 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 $31.33 $33.13 1.80 5.74% 10/6/2010 Cash
CommScope Inc. C CTV Carlyle Group -- $31.22 $31.50 0.28 0.90% 10/27/2010 Cash
Cypress Bioscienc CYPB Ramius V&O Acquisition -- $6.48 $6.50 0.02 0.31% 12/15/2010 Cash
Dynamex Inc. DDMX TransForce Inc -- $24.76 $25.00 0.24 0.97% 10/1/2010 Cash
Del Monte Foods C DLM Kohlberg Kravis Roberts -- $18.80 $19.00 0.20 1.06% 11/25/2010 Cash
Dionex Corporatio DNEX Thermo Fisher Sci TMO $118.01 $118.50 0.49 0.42% 12/13/2010 Cash
Dynegy Inc. (Dela DYN Icahn Enterprises IEP $5.62 $5.50 -0.12 -2.14% 12/15/2010 Cash
Eurand N.V. EURX Axcan Holdings -- $11.83 $12.00 0.17 1.44% 12/1/2010 Cash
First Franklin Co FFHS Cheviot Financial CHEV $14.74 $14.50 -0.24 -1.63% 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 $16.40 $16.50 0.10 0.61% 10/28/2010 Cash
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $7.12 $7.90 0.78 10.97% 10/15/2010 C&S
Nicor Inc. Commo GAS AGL Resources In AGL $49.92 $51.25 1.33 2.66% 12/7/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $10.20 $9.50 -0.70 -6.86% 10/25/2010 C&S
Hypercom Corporat HYC Verifone Systems PAY $8.37 $8.87 0.50 5.96% 11/17/2010 Stock
L-1 Identity Solu ID Safran -- $11.91 $12.00 0.09 0.76% 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 -- $60.22 $61.00 0.78 1.30% 12/23/2010 Cash
J. Crew Group In JCG TPG Capital and Leonard Green & Partners -- $43.14 $43.50 0.36 0.83% 11/23/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.05 $14.25 0.20 1.42% 10/12/2010 Cash
LaserCard Corpora LCRD ASSA ABLOY AB -- $6.25 $6.25 0.00 0.00% 12/21/2010 Cash
Ladish Co. Inc. LDSH Allegheny Technol ATI $48.62 $49.14 0.52 1.07% 11/17/2010 C&S
Legacy Bancorp I LEGC Berkshire Hills B BHLB $13.14 $13.77 0.63 4.77% 12/22/2010 C&S
LTX-Credence Corp LTXC Verigy Ltd. VRGY $7.40 $12.50 5.10 68.91% 11/18/2010 Stock
Majestic Capital MAJC Bayside Capital Partners -- $4.27 $4.50 0.23 5.39% 9/21/2010 Cash
Martek Bioscience MATK Royal DSM N.V. -- $31.30 $31.50 0.20 0.64% 12/21/2010 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 $7.00 $7.77 0.77 11.02% 12/16/2010 Stock
MCAFEE Inc MFE Intel Corporation INTC $46.31 $48.00 1.69 3.65% 8/19/2010 Cash
New M&I Corporati MI Bank Of Montreal BMO $6.92 $7.24 0.32 4.57% 12/17/2010 Stock
Mercer Insurance MIGP United Fire & Cas UFCS $27.99 $28.25 0.26 0.93% 12/1/2010 Cash
Monroe Bancorp MROE Old National Banc ONB $14.37 $14.00 -0.37 -2.57% 10/6/2010 Stock
Matrixx Initiativ MTXX H.I.G Capital -- $8.46 $8.00 -0.46 -5.44% 12/14/2010 Cash
NewAlliance Bancs NAL First Niagara Fin FNFG $14.98 $15.22 0.24 1.63% 8/19/2010 C&S
NGAS Resources I NGAS Magnum Hunter Res MHR $0.56 $0.61 0.05 8.77% 12/27/2010 Stock
Novell Inc. NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $5.92 $6.10 0.18 3.04% 11/22/2010 Cash
NORTH PENN BCORP NPBP.OB Norwood Financial NWFL $17.50 $19.03 1.53 8.77% 12/15/2010 C&S
NSTAR Common Stoc NST Northeast Utiliti NU $42.19 $41.83 -0.36 -0.86% 10/18/2010 Stock
Nu Horizons Elect NUHC Arrow Electronics ARW $6.98 $7.00 0.02 0.29% 9/20/2010 Cash
Occam Networks I OCNW Calix Inc Common CALX $8.67 $8.78 0.11 1.23% 9/16/2010 C&S
Optelecom-NKF In OPTC TKH Group -- $2.41 $2.45 0.04 1.66% 11/11/2010 Cash
Pennichuck Corpor PNNW City of Nashua -- $27.36 $29.00 1.64 5.99% 11/12/2010 Cash
POLYMER GRP CL A POLGA.OB Blackstone Capital Partners -- $16.00 $15.25 -0.75 -4.69% 10/4/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $26.32 $27.75 1.43 5.45% 9/21/2010 Stock
Qwest Communicati Q CenturyLink Inc. CTL $7.61 $7.68 0.07 0.96% 4/22/2010 Stock
RAE Systems Inc C RAE Battery Ventures -- $1.61 $1.60 -0.01 -0.62% 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 $12.02 $12.13 0.11 0.93% 10/12/2010 C&S
Sonic Solutions SNIC Rovi Corporation ROVI $15.00 $14.65 -0.35 -2.36% 12/22/2010 C&S
Student Loan Corp STU Discover Financia DFS $32.44 $30.00 -2.44 -7.52% 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 -- $4.27 $4.50 0.23 5.39% 11/1/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $23.30 $25.54 2.24 9.61% 6/7/2010 C&S
Todd Shipyards Co TOD Vigor Industrial -- $22.39 $22.27 -0.12 -0.54% 12/23/2010 Cash
T-3 Energy Servic TTES Robbins & Myers RBN $39.83 $39.94 0.11 0.27% 10/6/2010 C&S
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.05 $8.25 1.20 17.02% 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 $8.65 $8.75 0.10 1.16% 11/29/2010 Cash
Wilmington Trust WL M&T Bank Corporat MTB $4.34 $4.47 0.13 3.04% 11/1/2010 Stock
Whitney Holding C WTNY Hancock Holding C HBHC $14.15 $14.57 0.42 2.98% 12/22/2010 Stock

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