Sunday, March 6, 2011

Merger Arbitrage Spreads March 7, 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 Inc AAI Southwest Airlines Co LUV $7.28 $7.54 0.26 3.54% 9/27/2010 C&S
Abington Community Bancorp Inc ABBC Susquehanna Bancshares Inc SUSQ $12.42 $12.61 0.19 1.50% 1/26/2011 Stock
Alberto Culver Co ACV Unilever ADR Reptg 1 Ord Shs UL $37.25 $37.50 0.25 0.67% 9/27/2010 Cash
American Exploration Corp AEXP Mainland Resources Incorporated MNLU $0.1600 $0.1825 0.02 14.06% 3/23/2010 Stock
AML Communications Inc AMLJ Anaren Inc ANEN $2.09 $2.15 0.06 2.87% 2/14/2011 Cash
Answers Corp ANSW AFCV Holdings -- $10.50 $10.50 0.00 0.00% 2/3/2011 Cash
America Service Group Inc ASGR Valitás Health Services -- $25.65 $26.00 0.35 1.36% 3/3/2011 Cash
American Surgical Hldg
Inc
ASRG Great Point Partners -- $2.90 $2.87 -0.03 -1.03% 12/21/2010 Cash
Atheros Communications Inc ATHR Qualcomm Inc QCOM $44.73 $45.00 0.27 0.60% 1/5/2011 Cash
Beckman Coulter Inc BEC Danaher Corp DHR $82.91 $83.50 0.59 0.71% 2/7/2011 Cash
Bucyrus International Inc BUCY Caterpillar Inc CAT $90.95 $92.00 1.05 1.15% 11/15/2010 Cash
Cadence Financial Corp CADE Community Bancorp -- $2.49 $2.50 0.01 0.40% 10/6/2010 Cash
Caprius Inc CAPI Vintage Capital Group -- $0.0600 $0.0650 $0.0050 8.33% 11/11/2010 Cash
Capital Gold Corp CGC Gammon Gold Incorporated GRS $5.44 $5.47 0.03 0.60% 10/7/2010 C&S
Clinical Data Inc CLDA Forest Laboratories Inc FRX $30.31 $30.00 -0.31 -1.02% 2/22/2011 Cash
Center Financial Corp CLFC Nara Bancorp Inc NARA $7.51 $7.73 0.22 2.98% 11/9/2010 Stock
Conexant Systems Inc CNXT Golden Gate Capital -- $2.37 $2.40 0.03 1.27% 2/23/2011 Cash
All American Group Inc COHM American Group Holding -- $0.2400 $0.2000 -0.04 -16.67% 11/8/2010 Cash
CaraCo Pharmaceutical Laboratories Ltd CPD Sun Pharma (Majority Holder) -- $5.22 $5.25 0.03 0.57% 2/22/2011 Cash
CPEX Pharmaceuticals Inc CPEX Footstar Corp -- $27.20 $27.25 0.05 0.18% 1/4/2011 Cash
Crucell ADR Reptg 1 Ord Shs CRXL Johnson & Johnson JNJ $34.46 $34.59 0.13 0.36% 10/6/2010 Cash
Del Monte Foods Co DLM Kohlberg Kravis Roberts -- $18.99 $19.00 0.01 0.05% 11/25/2010 Cash
Danvers Bancorp Inc DNBK PeopleS United Financial Inc PBCT $21.47 $21.67 0.20 0.92% 1/20/2011 C&S
Dionex Corp DNEX Thermo Fisher Scientific Inc TMO $117.67 $118.50 0.83 0.71% 12/13/2010 Cash
Emergency Medical Services Corp EMS Clayton, Dubilier & Rice, LLC -- $63.32 $64.00 0.68 1.07% 2/14/2011 Cash
Endwave Corp ENWV Gigoptix Inc GGOX $2.74 $2.95 0.21 7.55% 2/7/2011 Stock
First Franklin Corp FFHS Cheviot Financial Corp CHEV $14.43 $14.50 0.07 0.49% 10/13/2010 Cash
First Ipswich Bancorp FIWC Brookline Bancorp Inc BRKL $8.10 $8.10 0.00 0.00% 10/27/2010 Cash
Capital Bank & Trust Company FOFC Chemung Financial Corp CHMG $7.81 $8.30 0.49 6.31% 10/15/2010 C&S
Frontier Oil Corp FTO Holly Corp HOC $27.65 $28.18 0.53 1.93% 2/22/2011 C&S
Nicor Inc GAS AGL Resources Inc AGL $52.82 $53.65 0.83 1.57% 12/7/2010 C&S
Genzyme Corp GENZ Sanofi Aventis ADR Each Representing One Half Of One Ord Shs SNY $75.65 $74.00 -1.65 -2.18% 2/16/2011 Cash
The Wilber Corp GIW Community Bank System Inc CBU $9.44 $9.50 0.06 0.64% 10/25/2010 C&S
Global Defense Technology & Systems Inc GTEC Ares Management LLC -- $24.25 $24.25 0.00 0.00% 3/3/2011 Cash
Genoptix Inc GXDX Novartis -- $24.99 $25.00 0.01 0.04% 1/24/2011 Cash
Hudson Holding Corp HDHL Rodman & Renshaw Capital Group Inc RODM $0.0500 $0.0730 0.02 46.02% 1/5/2011 Stock
Herley Industries Inc HRLY Kratos Defense and Security Solutions Inc KTOS $18.95 $19.00 0.05 0.26% 2/7/2011 Cash
Hughes Communications
Inc
HUGH EchoStar Corp SATS $59.80 $60.70 0.90 1.51% 2/14/2011 Cash
Hypercom Corp HYC Verifone Systems Inc PAY $11.05 $11.48 0.43 3.89% 11/17/2010 Stock
L 1 Identity Solutions
Inc
ID Safran -- $11.91 $12.00 0.09 0.76% 9/20/2010 Cash
Jo-Ann Stores Inc JAS Leonard Green & Partners -- $60.80 $61.00 0.20 0.33% 12/23/2010 Cash
J Crew Group Inc JCG TPG Capital and Leonard Green & Partners -- $43.51 $43.50 -0.01 -0.02% 11/23/2010 Cash
LaBranche & Co Inc LAB Cowen Group Incorporated COWN $4.04 $4.08 0.04 1.04% 2/17/2011 Stock
Ladish Co Inc LDSH Allegheny Technologies Inc ATI $53.43 $53.81 0.38 0.71% 11/17/2010 C&S
Legacy Bancorp Inc LEGC Berkshire Hills Bancorp Inc BHLB $13.30 $13.70 0.40 3.04% 12/22/2010 C&S
LTX Credence Corp LTXC Verigy Ltd VRGY $9.39 $12.76 3.37 35.87% 11/18/2010 Stock
Emergent Group Inc LZR Universal Hospital Services -- $8.42 $8.46 0.04 0.48% 2/7/2011 Cash
Majestic Capital Ltd MAJC Bayside Capital Partners -- $4.30 $4.50 0.20 4.65% 9/21/2010 Cash
Mediacom Communications Corp MCCC CEO, Rocco B. Commisso -- $8.84 $8.75 -0.09 -1.02% 11/15/2010 Cash
Midcarolina Financial Corp MCFI American National Bankshares Inc AMNB $6.65 $7.04 0.39 5.90% 12/16/2010 Stock
Massey Energy Co MEE Alpha Natural Resources
Inc
ANR $65.33 $68.19 2.86 4.38% 1/31/2011 C&S
Microfluidics International Corp MFLU IDEX Corp IEX $1.35 $1.35 0.00 0.00% 1/11/2011 Cash
Marshall and Ilsley Corp MI Bank Of Montreal BMO $7.70 $7.99 0.29 3.79% 12/17/2010 Stock
Mercer Insurance Group Inc MIGP United Fire & Casualty Co UFCS $28.15 $28.25 0.10 0.36% 12/1/2010 Cash
Newalliance Bancshares
Inc
NAL First Niagara Financial Group Inc FNFG $15.33 $15.50 0.17 1.10% 8/19/2010 C&S
Navisite Incorporated NAVI Time Warner Cable Inc TWC $5.49 $5.50 0.01 0.18% 2/1/2011 Cash
NGAS Resources Inc NGAS Magnum Hunter Resources Corp MHR $0.6200 $0.6353 0.02 2.48% 12/27/2010 Stock
Nationwide Health Properties Inc NHP Ventas Inc VTR $40.59 $41.56 0.97 2.38% 2/28/2011 Stock
NovaMed Inc (Illinois) NOVA Surgery Center Holdings -- $13.20 $13.25 0.05 0.38% 1/21/2011 Cash
Novell Inc NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $5.83 $6.10 0.27 4.63% 11/22/2010 Cash
North Penn Bancorp Inc (New) NPBP Norwood Financial Corp NWFL $17.45 $18.75 1.30 7.46% 12/15/2010 C&S
NStar NST Northeast Utilities NU $44.72 $44.38 -0.34 -0.75% 10/18/2010 Stock
Nuloch Resources Inc NULCF Magnum Hunter Resources Corp MHR $2.33 $2.48 0.15 6.49% 1/18/2011 Stock
Omni Bancshares Inc OMBA IBERIABANK Corp IBKC $15.25 $18.72 3.47 22.77% 2/22/2011 Stock
Pride International Inc PDE ENSCO PLC ESV $42.60 $42.83 0.23 0.54% 2/7/2011 C&S
Progress Energy Inc PGN Duke Energy Corp DUK $45.70 $46.97 1.27 2.79% 1/10/2011 Stock
ProLogis PLD AMB Property Corp AMB $15.85 $15.91 0.06 0.35% 1/31/2011 Stock
Pennichuck Corp PNNW City of Nashua -- $28.06 $29.00 0.94 3.35% 11/12/2010 Cash
Pre-Paid Legal Services Inc PPD MidOcean Partners -- $65.97 $66.50 0.53 0.80% 2/1/2011 Cash
Penn Virginia GP Holdings L P PVG Penn Virginia Resource Partners L P PVR $26.97 $28.34 1.37 5.09% 9/21/2010 Stock
Qwest Communications International Inc Q CenturyLink Inc CTL $6.65 $6.72 0.07 1.09% 4/22/2010 Stock
RAE Systems Inc RAE Vector Capital -- $1.78 $1.75 -0.03 -1.69% 1/18/2011 Cash
Rehabcare Group Inc RHB Kindred Healthcare Inc KND $37.46 $37.94 0.48 1.27% 2/8/2011 C&S
Rome Bancorp Inc ROME Berkshire Hills Bancorp Inc BHLB $12.00 $12.09 0.09 0.74% 10/12/2010 C&S
Retail Ventures Inc RVI Dsw Inc DSW $17.68 $17.90 0.22 1.22% 2/8/2011 Stock
Sterling Bancshares
Inc
SBIB Comerica Inc CMA $8.91 $9.07 0.16 1.82% 1/18/2011 Stock
Smurfit Stone Container Corp SSCC Rock Tenn Co RKT $38.86 $38.95 0.09 0.24% 1/24/2011 C&S
Silverleaf Resorts Inc SVLF Cerberus Capital Management -- $2.47 $2.50 0.03 1.21% 2/9/2011 Cash
Tongjitang Chinese Medicines Co TCM Insiders -- $4.41 $4.50 0.09 2.04% 11/1/2010 Cash
Talecris Biotherapeutics Holdings Corp TLCR Grifols SA GIFLF $25.54 $29.47 3.93 15.38% 6/7/2010 C&S
Tollgrade Communications Inc TLGD Golden Gate Capital -- $10.00 $10.10 0.10 1.00% 2/25/2011 Cash
Terremark Worldwide Inc TMRK Verizon Communications Inc VZ $18.95 $19.00 0.05 0.26% 1/27/2011 Cash
Union National Financial Corp UNNF Donegal Group Inc DGICA $6.60 $8.25 1.65 25.00% 4/20/2010 C&S
US 1 Industries Inc USOO CEO & CFO -- $1.39 $1.43 0.04 2.88% 2/18/2011 Cash
VCG Holding Corp VCGH Insiders -- $2.23 $2.25 0.02 0.90% 11/10/2010 Cash
Wimm-Bill-Dann Foods WBD Pepsico Inc PEP $33.50 $34.47 0.97 2.89% 2/3/2011 Cash
Wilmington Trust Corporation WL M&t Bank Corp MTB $4.47 $4.52 0.05 1.15% 11/1/2010 Stock
Wesco Financial Corp WSC Berkshire Hathaway Ord Shs Class B BRK.B $388.98 $390.50 1.52 0.39% 2/7/2011 Cash
Whitney Holding Corp WTNY Hancock Holding Co HBHC $13.46 $13.82 0.36 2.67% 12/22/2010 Stock
Xeta Technologies Inc XETA PAETEC Holding Corp PAET $5.45 $5.50 0.05 0.92% 2/9/2011 Cash
Zoran Corp ZRAN CSR PLC CSRXF $10.90 $11.56 0.66 6.08% 2/22/2011 Stock

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