Sunday, February 13, 2011

Merger Arbitrage Spreads February 14, 2011

Latest stock merger arbitrage spreads:


Target Ticker Acquirer Ticker Current Price Take Over
Price
Price Diff % Diff Date Announced Deal Type
AirTran Holdings Inc AAI Southwest Airlines Co LUV $7.41 $7.73 0.32 4.28% 9/27/2010 C&S
Abington Community Bancorp
Inc
ABBC Susquehanna Bancshares Inc SUSQ $13.00 $13.19 0.19 1.44% 1/26/2011 C&S
Alberto Culver Co ACV Unilever ADR Reptg 1 Ord Shs UL $37.13 $37.50 0.37 1.00% 9/27/2010 C&S
American Exploration Corp AEXP Mainland Resources Incorporated MNLU $0.1600 $0.1775 0.02 10.94% 3/23/2010 C&S
Answers Corp ANSW AFCV Holdings -- $10.63 $10.50 -0.13 -1.22% 2/3/2011 C&S
Arbinet Corp ARBX Primus Telecommunications Group Inc PMUG $9.89 $8.38 -1.51 -15.31% 11/11/2010 C&S
American Surgical Hldg
Inc
ASRG Great Point Partners -- $2.93 $2.87 -0.06 -2.05% 12/21/2010 C&S
Atheros Communications Inc ATHR Qualcomm Inc QCOM $44.71 $45.00 0.29 0.65% 1/5/2011 C&S
Atlas Energy Inc ATLS Chevron Corp CVX $45.08 $43.34 -1.74 -3.86% 11/9/2010 C&S
Allegheny Energy Inc AYE FirstEnergy Corp FE $26.20 $26.51 0.31 1.17% 2/11/2010 C&S
Beckman Coulter Inc BEC Danaher Corp DHR $82.78 $83.50 0.72 0.87% 2/7/2011 C&S
BMP Sunstone Corp BJGP SNY SNY $9.97 $10.00 0.03 0.30% 10/28/2010 C&S
Bucyrus International Inc BUCY Caterpillar Inc CAT $90.72 $92.00 1.28 1.41% 11/15/2010 C&S
Cadence Financial Corp CADE Community Bancorp -- $2.48 $2.50 0.02 0.81% 10/6/2010 C&S
Caprius Inc CAPI Vintage Capital Group -- $0.0600 $0.0650 $0.0050 8.33% 11/11/2010 C&S
Capital Gold Corp CGC Gammon Gold Incorporated GRS $5.26 $5.18 -0.08 -1.50% 10/7/2010 C&S
Center Financial Corp CLFC Nara Bancorp Inc NARA $7.60 $7.80 0.20 2.58% 11/9/2010 C&S
Compellent Technologies Inc CML Dell Inc DELL $27.73 $27.75 0.02 0.07% 12/13/2010 C&S
Conexant Systems Inc CNXT Standard Microsystems Corp SMSC $2.46 $2.16 -0.30 -12.30% 1/10/2011 C&S
All American Group Inc COHM American Group Holding -- $0.2300 $0.2000 -0.03 -13.04% 11/8/2010 C&S
CPEX Pharmaceuticals Inc CPEX Footstar Corp -- $27.00 $27.25 0.25 0.93% 1/4/2011 C&S
Crucell ADR Reptg 1 Ord Shs CRXL Johnson & Johnson JNJ $33.33 $33.51 0.18 0.55% 10/6/2010 C&S
Dynamex Inc DDMX TransForce Inc -- $24.98 $25.00 0.02 0.08% 10/1/2010 C&S
Del Monte Foods Co DLM Kohlberg Kravis Roberts -- $18.92 $19.00 0.08 0.42% 11/25/2010 C&S
Danvers Bancorp Inc DNBK PeopleS United Financial Inc PBCT $21.74 $22.08 0.34 1.55% 1/20/2011 C&S
Dionex Corp DNEX Thermo Fisher Scientific Inc TMO $117.76 $118.50 0.74 0.63% 12/13/2010 C&S
Dynegy Incorporated DYN Icahn Enterprises LP IEP $5.67 $5.50 -0.17 -3.00% 12/15/2010 C&S
Endwave Corp ENWV Gigoptix Inc GGOX $2.70 $3.09 0.39 14.26% 2/7/2011 C&S
First Franklin Corp FFHS Cheviot Financial Corp CHEV $14.41 $14.50 0.09 0.62% 10/13/2010 C&S
First Ipswich Bancorp FIWC Brookline Bancorp Inc BRKL $8.05 $8.10 0.05 0.62% 10/27/2010 C&S
Capital Bank & Trust Company FOFC Chemung Financial Corp CHMG $7.50 $8.54 1.04 13.92% 10/15/2010 C&S
Nicor Inc GAS AGL Resources Inc AGL $51.80 $52.89 1.09 2.11% 12/7/2010 C&S
The Wilber Corp GIW Community Bank System Inc CBU $9.53 $9.50 -0.03 -0.31% 10/25/2010 C&S
Genoptix Inc GXDX Novartis -- $24.96 $25.00 0.04 0.16% 1/24/2011 C&S
Hudson Holding Corp HDHL Rodman & Renshaw Capital Group Inc RODM $0.0600 $0.0788 0.02 31.26% 1/5/2011 C&S
Herley Industries Inc HRLY Kratos Defense and Security Solutions Inc KTOS $18.94 $19.00 0.06 0.32% 2/7/2011 C&S
Hypercom Corp HYC Verifone Systems Inc PAY $10.05 $10.35 0.30 3.03% 11/17/2010 C&S
L 1 Identity Solutions
Inc
ID Safran -- $11.87 $12.00 0.13 1.10% 9/20/2010 C&S
Jo-Ann Stores Inc JAS Leonard Green & Partners -- $60.70 $61.00 0.30 0.49% 12/23/2010 C&S
J Crew Group Inc JCG TPG Capital and Leonard Green & Partners -- $43.52 $43.50 -0.02 -0.05% 11/23/2010 C&S
Ladish Co Inc LDSH Allegheny Technologies Inc ATI $54.46 $54.74 0.28 0.51% 11/17/2010 C&S
Legacy Bancorp Inc LEGC Berkshire Hills Bancorp Inc BHLB $13.37 $13.79 0.42 3.14% 12/22/2010 C&S
LTX Credence Corp LTXC Verigy Ltd VRGY $9.29 $13.23 3.94 42.40% 11/18/2010 C&S
Emergent Group Inc LZR Universal Hospital Services -- $8.41 $8.46 0.05 0.59% 2/7/2011 C&S
Majestic Capital Ltd MAJC Bayside Capital Partners -- $4.35 $4.50 0.15 3.45% 9/21/2010 C&S
Martek Biosciences Corp MATK Royal DSM N.V. -- $31.46 $31.50 0.04 0.13% 12/21/2010 C&S
Mediacom Communications Corp MCCC CEO, Rocco B. Commisso -- $8.79 $8.75 -0.04 -0.46% 11/15/2010 C&S
Midcarolina Financial Corp MCFI American National Bankshares Inc AMNB $6.30 $7.16 0.86 13.67% 12/16/2010 C&S
Massey Energy Co MEE Alpha Natural Resources Inc ANR $63.09 $65.13 2.04 3.24% 1/31/2011 C&S
McAfee Inc MFE Intel Corp INTC $47.90 $48.00 0.10 0.21% 8/19/2010 C&S
Microfluidics International Corp MFLU IDEX Corp IEX $1.33 $1.35 0.02 1.50% 1/11/2011 C&S
Marshall and Ilsley Corp MI Bank Of Montreal BMO $7.38 $7.61 0.23 3.10% 12/17/2010 C&S
Mercer Insurance Group Inc MIGP United Fire & Casualty Co UFCS $28.11 $28.25 0.14 0.50% 12/1/2010 C&S
Matrixx Initiatives Inc MTXX H.I.G Capital -- $8.75 $8.75 0.00 0.00% 12/14/2010 C&S
Newalliance Bancshares
Inc
NAL First Niagara Financial Group Inc FNFG $15.82 $16.00 0.18 1.14% 8/19/2010 C&S
Navisite Incorporated NAVI Time Warner Cable Inc TWC $5.47 $5.50 0.03 0.55% 2/1/2011 C&S
NGAS Resources Inc NGAS Magnum Hunter Resources Corp MHR $0.5300 $0.5550 0.02 4.71% 12/27/2010 C&S
NovaMed Inc (Illinois) NOVA Surgery Center Holdings -- $13.14 $13.25 0.11 0.84% 1/21/2011 C&S
Novell Inc NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $5.95 $6.10 0.15 2.52% 11/22/2010 C&S
North Penn Bancorp Inc (New) NPBP Norwood Financial Corp NWFL $17.35 $18.90 1.55 8.93% 12/15/2010 C&S
NStar NST Northeast Utilities NU $44.18 $44.04 -0.14 -0.31% 10/18/2010 C&S
Nuloch Resources Inc NULCF Magnum Hunter Resources Corp MHR $2.19 $2.17 -0.02 -1.03% 1/18/2011 C&S
Occam Networks Inc OCNW Calix Inc CALX $9.22 $9.27 0.05 0.56% 9/16/2010 C&S
Pride International Inc PDE ENSCO PLC ESV $40.08 $40.89 0.81 2.02% 2/7/2011 C&S
Progress Energy Inc PGN Duke Energy Corp DUK $45.90 $46.61 0.71 1.54% 1/10/2011 C&S
Playboy Enterprises Inc PLA Insiders -- $6.14 $6.15 0.01 0.16% 1/10/2011 C&S
Playboy Enterprises Inc PLA.A Insiders -- $6.11 $6.15 0.04 0.65% 1/10/2011 C&S
ProLogis PLD AMB Property Corp AMB $15.28 $15.31 0.03 0.21% 1/31/2011 C&S
Pennichuck Corp PNNW City of Nashua -- $28.18 $29.00 0.82 2.91% 11/12/2010 C&S
Pre-Paid Legal Services Inc PPD MidOcean Partners -- $66.47 $66.50 0.03 0.05% 2/1/2011 C&S
Penn Virginia GP Holdings L P PVG Penn Virginia Resource Partners L P PVR $25.86 $26.28 0.42 1.64% 9/21/2010 C&S
Qwest Communications International Incorporated Q CenturyLink Inc CTL $7.42 $7.50 0.08 1.14% 4/22/2010 C&S
RAE Systems Inc RAE Vector Capital -- $1.71 $1.75 0.04 2.34% 1/18/2011 C&S
Rehabcare Group Inc RHB Kindred Healthcare Inc KND $36.64 $37.36 0.72 1.97% 2/8/2011 C&S
Rome Bancorp Inc ROME Berkshire Hills Bancorp Inc BHLB $12.06 $12.15 0.09 0.73% 10/12/2010 C&S
Retail Ventures Inc RVI Dsw Inc DSW $17.60 $17.86 0.26 1.46% 2/8/2011 C&S
Sterling Bancshares Inc SBIB Comerica Inc CMA $9.23 $9.42 0.19 2.03% 1/18/2011 C&S
Sonic Solutions SNIC Macrovision Corp ROVI $14.91 $14.92 0.01 0.07% 12/22/2010 C&S
Smurfit Stone Container Corp SSCC Rock Tenn Co RKT $39.44 $39.13 -0.31 -0.78% 1/24/2011 C&S
Silverleaf Resorts Inc SVLF Cerberus Capital Management -- $2.46 $2.50 0.04 1.63% 2/9/2011 C&S
Tongjitang Chinese Medicines Co TCM Insiders -- $4.39 $4.50 0.11 2.51% 11/1/2010 C&S
Talecris Biotherapeutics Holdings Corp TLCR Grifols SA GIFLF $24.93 $29.70 4.77 19.13% 6/7/2010 C&S
Terremark Worldwide Inc TMRK Verizon Communications Inc VZ $18.93 $19.00 0.07 0.37% 1/27/2011 C&S
Todd Shipyards Corp TOD Vigor Industrial -- $22.22 $22.27 0.05 0.23% 12/23/2010 C&S
Union National Financial Corp UNNF Donegal Group Inc DGICA $6.75 $8.25 1.50 22.22% 4/20/2010 C&S
VCG Holding Corp VCGH Insiders -- $2.21 $2.25 0.04 1.81% 11/10/2010 C&S
Wimm-Bill-Dann Foods WBD Pepsico Inc PEP $32.55 $33.11 0.56 1.72% 2/3/2011 C&S
Wilmington Trust Corporation WL M&t Bank Corp MTB $4.50 $4.62 0.12 2.58% 11/1/2010 C&S
Wesco Financial Corp WSC Berkshire Hathaway Ord Shs Class B BRK.B $388.05 $390.50 2.45 0.63% 2/7/2011 C&S
Whitney Holding Corp WTNY Hancock Holding Co HBHC $13.60 $13.82 0.22 1.61% 12/22/2010 C&S
Xeta Technologies Inc XETA PAETEC Holding Corp PAET $5.41 $5.50 0.09 1.66% 2/9/2011 C&S

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