The Risk Arbitrage Report for April 18, 2011

New Deals:

• Level 3 Communications Incorporated (LVLT) to acquire Global Crossing Ltd (GLBC).
• Flowers Foods Inc (FLO) to acquire Tasty Baking Co (TSTY).
• Endo Pharmaceuticals Holding Inc (ENDP) to acquire American Medical Systems Holdings Inc (AMMD).
• Silgan Holdings Inc (SLGN) to acquire Graham Packaging Co Inc (GRM).
• AML Communications Inc (AMLJ) signs merger agreement with Microsemi Corp (MSCC) and recommends voting against Anaren (ANEN) deal.
• William Hill PLC to acquire American Wagering  Inc (BETM).
• Merck & Co Inc (MRK) to acquire Inspire Pharmaceuticals Inc (ISPH).
• Chesapeake Energy Corp (CHK) to acquire Bronco Drilling Co  Inc (BRNC).

Closed Deals:

• Verizon Communications Inc (VZ) completes acquisition of Terremark Worldwide Inc (TMRK).
• Forest Laboratories Inc (FRX) completes acquisition of Clinical Data Inc (CLDA).
• Chemung Financial Corp (CHMG) completes acquisition of Capital Bank & Trust Company (FOFC).
• Gammon Gold Incorporated (GRS) completes acquisition of Capital Gold Corp (CGC). 
• Insiders complete acquisition of Tongjitang Chinese Medicines Co (TCM).
• AFCV Holdings completes acquisition of Answers Corp (ANSW).
• First Niagara Financial Group Inc (FNFG) completes acquisition of Newalliance Bancshares  Inc (NAL).
• Magnum Hunter Resources Corp (MHR) completes acquisition of NGAS Resources Inc (NGAS).

Updated Deals:

• Ventas Inc (VTR) files S-4 in merger with Nationwide Health Properties Inc (NHP).
• Nara Bancorp Inc (NARA) files S-4 in merger with Center Financial Corp (CLFC). 
• IBERIABANK Corp (IBKC) files S-4 in merger with Omni Bancshares Inc (OMBA).
• Kindred Healthcare Inc (KND) announces that the HSR waiting period has expired in planned merger with Rehabcare Group Inc (RHB).
• Quest Diagnostics Inc (DGX) announces that the HSR waiting period has expired in planned merger with Celera Corporation (CRA).
• Forest Laboratories Inc (FRX) completes tender offer for Clinical Data Inc (CLDA).
• North Penn Bancorp Inc (New) (NPBP) shareholders approve acquisition by  Norwood Financial Corp (NWFL).

To Read:

• Barron's: LBO Hunt: Who's Next?