Sunday, December 27, 2015

The Risk Arbitrage Report for Dec 28, 2015


New Deals:
  • Western Refining, Inc. (WNR) to acquire Northern Tier Energy LP (NTI).
  • Oando PLC to acquire Oando Energy Resources (OER.TO).
  • Minat Associate Co to acquire Mecox Lane Ltd (MCOX).
Busted Deals:
  • Galil Medica terminates agreement with Perseon Corp (PRSN).
Closed Deals:
  • Graham Holdings Co (GHC) completes acquisition of SmartPros Ltd. (SPRO).
  • Momentum Telecom completes acquisition of Alteva Inc (ALTV).
  • Oak Valley Bancorp (OVLY) completes acquisition of Mother Lode Bank (MOLB).
  • Suncrest Bank (SBKK) completes acquisition of Sutter Community Bank (SUTB).
Updated Deals:
To Read:

Merger Arbitrage Spreads Dec 28, 2015

The latest stock merger arbitrage spreads:

Sunday, December 20, 2015

The Risk Arbitrage Report for Dec 21, 2015


New Deals:
  • Newell Rubbermaid Inc. (NWL) to acquire Jarden Corp (JAH).
  • DRA Advisors LLC to acquire Inland Real Estate Corporation (IRC).
  • Global Payments Inc (GPN) to acquire Heartland Payment Systems, Inc (HPY).
  • Consortium to acquire Qihoo 360 Technology Co Ltd (QIHU).
  • Mountain Tiger International Limited to acquire Bona Film Group Ltd (ADR) (BONA).
  • TowneBank (TOWN) to acquire Monarch Financial Holdings (MNRK).
  • Pacific Commerce Bancorp (PCBC) to acquire ProAmérica Bank (PMRA).
  • Management to acquire Country Style Cookng Restaurant (CCSC).
Closed Deals:
  • Chambers Street Properties (CSG) completes acquisition of Gramercy Property Trust Inc (GPT).
  • Expedia Inc (EXPE) completes acquisition of HomeAway, Inc. (AWAY).
  • Kroger Co (KR) completes acquisition of Roundy's Inc (RNDY).
  • Iberdrola USA completes acquisition of UIL Holdings Corporation (UIL).
Updated Deals:

Merger Arbitrage Spreads Dec 21, 2015

The latest stock merger arbitrage spreads:

Sunday, December 13, 2015

The Risk Arbitrage Report for Dec 14, 2015


New Deals:
  • Dow Chemical Co (DOW) to merge with DuPont (DD).
  • JAB Holding Company-Led Investor Group to acquire Keurig Green Mountain Inc (GMCR).
  • American Securities to acquire Blount International Inc (BLT).
  • Baihe Network Co to acquire Jiayuan.com International Ltd (DATE).
  • BTG Hotels to acquire Homeinns Hotel Group (ADR) (HMIN).
  • BBCN Bancorp Inc (BBCN) to acquire Wilshire Bancorp Inc (WIBC).
  • Univest Corp. of PA (UVSP) to acquire Fox Chase Bancorp, Inc. (FXCB).
  • Management to acquire Taomee Holdings Ltd (ADR) (TAOM).
Closed Deals:
  • NXP Semiconductors NV (NXPI) completes acquisition of Freescale Semiconductor Ltd (FSL).
  • Summitview Capital completes acquisition of Integrated Silicon Solution, Inc (ISSI).
  • Enghouse Systems Limited (ESL.TO) completes acquisition of CTI Group Holdings Inc (CTIG).
  • Catterton completes acquisition of Steiner Leisure Ltd (STNR).
  • Insiders completes acquisition of Books-A-Million, Inc. (BAMM).
  • Siris Capital Group, LLC completes acquisition of Premiere Global Services, Inc. (PGI).
  • Management & Buyer Group completes acquisition of WuXi PharmaTech (Cayman) Inc. (WX).
  • Sycamore Partners completes acquisition of Belk Inc (BLKIA).
  • Solvay completes acquisition of Cytec Industries Inc (CYT).
  • Community Bank System, Inc. (CBU) completes acquisition of Oneida Financial Corp (ONFC).
  • Juniata Valley Financial Corp (JUVF) completes acquisition of FNBPA Bancorp, Inc. (FNBP).
Updated Deals:

Merger Arbitrage Spreads Dec 14, 2015

The latest stock merger arbitrage spreads:

Sunday, December 6, 2015

The Risk Arbitrage Report for Dec 7, 2015


New Deals:
  • American Homes 4 Rent (AMH) to acquire American Residential Propertie (ARPI).
  • Great Western Bancorp Inc (GWB) to acquire HF Financial Corp. (HFFC).
  • First Busey Corporation (BUSE) to acquire Pulaski Financial Corp (PULB).
  • Management to acquire Global-Tech Advanced Innovatio (GAI).
Closed Deals:
  • Sequential Brands Group Inc (SQBG) completes acquisition of Martha Stewart Living Omnimedi (MSO).
  • Platform Specialty Products Co (PAH) completes acquisition of Alent plc (ALNXY).
  • MPLX LP (MPLX) completes acquisition of Markwest Energy Partners LP (MWE).
  • Heartland Financial USA Inc (HTLF) completes acquisition of Premier Valley Bank (PVLY).
  • First NBC Bank Holding Co (FNBC) completes acquisition of State Investors Bancorp Inc (SIBC).
  • Valley National Bancorp (VLY) completes acquisition of CNLBancshares (CNLB).
  • Old Line Bancshares, Inc. (MD) (OLBK) completes acquisition of Regal Bancorp (RGBM).
Updated Deals:

  • CIGNA Corporation (CI) shareholders approve acquisition by Anthem Inc (ANTM).
  • TECO Energy, Inc. (TE) shareholders approve acquisition by Emera Inc. (EMA.TO).
  • Premiere Global Services, Inc. (PGI) shareholders approve acquisition by Siris Capital Group, LLC.
  • Markwest Energy Partners LP (MWE) shareholders approve acquisition by MPLX LP (MPLX) .
  • Shire PLC (ADR) (SHPG) receives early HSR termination in merger with Dyax Corp. (DYAX).
  • Endurance International Group (EIGI) receives early HSR termination in merger with Constant Contact Inc (CTCT).
  • Arris Group Inc (ARRS) receives HSR termination in merger with Pace plc (PIC.L).

Merger Arbitrage Spreads Dec 7, 2015

The latest stock merger arbitrage spreads:

Sunday, November 29, 2015

The Risk Arbitrage Report for Nov 30, 2015


New Deals:
  • Pfizer Inc. (PFE) to acquire Allergan plc (AGN).
  • Pinnacle Foods Inc (PF) to acquire Boulder Brands Inc (BDBD).
  • PMC-Sierra Inc (PMCS) agrees to be acquired by Microsemi Corporation (MSCC) and terminates deal with Skyworks Solutions Inc (SWKS).
  • Diebold Inc (DBD) to acquire Wincor Nixdorf (WNXDY).
  • Comtech Telecomm. Corp. (CMTL) to acquire TeleCommunication Systems, Inc (TSYS).
  • MainSource Financial Group Inc (MSFG) to acquire Cheviot Financial Corp. (CHEV).
  • Capital Bank Financial Corp (CBF) to acquire CommunityOne Bancorp (COB).
Closed Deals:
  • Team Health Holdings LLC (TMH) completes acquisition of IPC Healthcare Inc (IPCM).
  • Open Text Corp (OTEX) completes acquisition of Daegis Inc (DAEG).
  • Diodes Incorporated (DIOD) completes acquisition of Pericom Semiconductor (PSEM).
  • Leyard Optoelectronic Co completes acquisition of Planar Systems, Inc. (PLNR).
  • Merck KGaA completes acquisition of Sigma-Aldrich Corp (SIAL).
Updated Deals:

Merger Arbitrage Spreads Nov 30, 2015

The latest stock merger arbitrage spreads:

Sunday, November 22, 2015

The Risk Arbitrage Report for Nov 23, 2015


New Deals:
  • ON Semiconductor Corp (ON) to acquire Fairchild Semiconductor Intl I (FCS).
  • Marriott International Inc (MAR) to acquire Starwood Hotels & Resorts Worl (HOT).
  • Air Liquide (AI.PA) to acquire Airgas, Inc. (ARG).
  • C R Bard Inc (BCR) to acquire Liberator Medical Holdings Inc (LBMH).
  • TransDigm Group Incorporated (TDG) to acquire Breeze-Eastern Corp (BZC).
  • BNC Bancorp (BNCN) to acquire High Point Bank Corp (HPTB).
Closed Deals:
  • Envestnet Inc (ENV) completes acquisition of Yodlee Inc (YDLE).
  • Insiders complete acquisition of Shanda Games Limited(ADR) (GAME).
Updated Deals:

Merger Arbitrage Spreads Nov 23, 2015

The latest stock merger arbitrage spreads:

Sunday, November 15, 2015

The Risk Arbitrage Report for Nov 15, 2015

New Deals:
  • Kroger Co (KR) to acquire Roundy's Inc (RNDY).
  • Weyerhaeuser Co (WY) to acquire Plum Creek Timber Co. Inc. (PCL).
  • Anbang Insurance Group to acquire Fidelity & Guaranty Life (FGL).
  • GaAs Labs, LLC to acquire ANADIGICS, Inc. (ANAD).
  • Bank Of The Ozarks Inc (OZRK) to acquire C1 Financial Inc (BNK).
  • Astellas Pharma to acquire Ocata Therapeutics Inc (OCAT).
  • First Midwest Bancorp Inc (FMBI) to acquire NI Bancshares Corp (NIBA).
Closed Deals:
  • PayPal (PYPL) completes acquisition of Xoom Corp (XOOM).
  • BorgWarner Inc. (BWA) completes acquisition of Remy International Inc (REMY).
  • Sun Pharmaceutical Industries Ltd completes acquisition of Insite Vision Inc. (INSV).
Updated Deals:

  • Broadcom Corporation (BRCM) shareholders approve acquisition by Avago Technologies Ltd (AVGO).

Merger Arbitrage Spreads Nov 16, 2015

The latest stock merger arbitrage spreads:

Sunday, November 8, 2015

The Risk Arbitrage Report for Nov 9, 2015


New Deals:
  • Activision Blizzard, Inc. (ATVI) to acquire King Digital Entertainment PLC (KING).
  • Alibaba Group Holding Ltd (BABA) to acquire Youku Tudou Inc (ADR) (YOKU).
  • Walgreens Boots Alliance Inc (WBA) to acquire Rite Aid Corporation (RAD).
  • Snyder's-Lance Inc (LNCE) to acquire Diamond Foods, Inc. (DMND).
  • Pamplona Capital Managemen to acquire MedAssets, Inc. (MDAS).
  • Bridgestone to acquire Pep Boys-Manny Moe and Jack (PBY).
  • Expedia Inc (EXPE) to acquire HomeAway, Inc. (AWAY).
  • Duke Energy Corp (DUK) to acquire Piedmont Natural Gas (PNY).
  • Team, Inc. (TISI) to acquire Furmanite Corporation (FRM).
  • Targa Resources Corp (TRGP) to acquire Targa Resources Partners LP (NGLS).
  • Endurance International Group (EIGI) to acquire Constant Contact Inc (CTCT).
  • TDK Corp to acquire Hutchinson Technology Inc (HTCH).
  • KeyCorp (KEY) to acquire First Niagara Financial Group (FNFG).
  • New York Community Bancorp (NYCB) to acquire Astoria Financial Corp (AF).
  • German American Bancorp., Inc. (GABC) to acquire River Valley Bancorp (RIVR).
  • Endologix, Inc. (ELGX) to acquire Trivascular Technologies Inc (TRIV).
  • SciVac Therapeutics Inc (SVACF) to acquire VBI Vaccines Inc (VBIV).
  • Galil Medica to acquire Perseon Corp (PRSN).
Closed Deals:

  • M&T Bank Corporation (MTB) completes acquisition of Hudson City Bancorp, Inc. (HCBK).
    • 1145 days to close this one.  Wow!
  • Apollo Global Management LLC (APO) completes acquisition of OM Group, Inc. (OMG).
  • XPO Logistics Inc (XPO) completes acquisition of Con-way Inc (CNW).
  • Tokio Marine Holdings completes acquisition of HCC Insurance Holdings, Inc. (HCC).
  • Ericsson completes acquisition of Envivio Inc (ENVI).
  • Royal Bank of Canada (RY) completes acquisition of City National Corp (CYN).

Merger Arbitrage Spreads Nov 9, 2015

The latest stock merger arbitrage spreads:

Sunday, October 25, 2015

The Risk Arbitrage Report for Oct 26, 2015


New Deals:
  • Western Digital Corp (WDC) to acquire SanDisk Corporation (SNDK).
  • Lam Research Corporation (LRCX) to acquire KLA-Tencor Corp (KLAC).
  • Silver Lake Partners and Thoma Bravo, LLC to acquire SolarWinds Inc (SWI).
  • Enghouse Systems Limited (ESL.TO) to acquire CTI Group Holdings Inc (CTIG).
  • Graham Holdings Co (GHC) to acquire SmartPros Ltd. (SPRO).
  • Harrison Street Real Estate to acquire Campus Crest Communities Inc (CCG).
  • Southern BancShares to acquire Heritage Bankshares, Inc. (HBKS).
Closed Deals:
  • AOL a subsidiary of Verizon Communications Inc. (VZ) completes acquisition of Millennial Media, Inc. (MM).
  • OMRON Corp (OMRNY) completes acquisition of Adept Technology Inc (ADEP).
Updated Deals:

  • Humana Inc (HUM) shareholders approve acquisition by Aetna Inc (AET).
  • Avolon Holdings Ltd (AVOL) shareholders approve acquisition by Bohai Leasing Co.
  • Pace plc (PIC.L) shareholders approve acquisition by Arris Group Inc (ARRS).
  • Health Net, Inc. (HNT) shareholders approve acquisition by Centene Corp (CNC).
  • CNLBancshares (CNLB) shareholders approve acquisition by Valley National Bancorp (VLY).

Merger Arbitrage Spreads Oct 26, 2015

The latest stock merger arbitrage spreads:

Sunday, October 18, 2015

The Risk Arbitrage Report for Oct 19, 2015


New Deals:
  • Michael Dell & Silver Lake to acquire EMC Corporation (EMC).
  • SCA to acquire Wausau Paper Corp. (WPP).
  • Yadkin Financial Corp (YDKN) to acquire NewBridge Bancorp (NBBC).
  • PKN ORLEN SA to acquire FX Energy, Inc. (FXEN).
  • CVB Financial Corp. (CVBF) to acquire County Commerce Bank (CNYB).
Closed Deals:
  • Valeant Pharmaceuticals Intl I (VRX) completes acquisition of Synergetics USA Inc (SURG).
  • XIO Group completes acquisition of Lumenis Ltd (LMNS).
  • The Carlyle Group LP (CG) completes acquisition of Blyth, Inc. (BTH).
  • WSFS Financial Corporation (WSFS) completes acquisition of Alliance Bancorp Inc of Pennsy (ALLB).
Updated Deals:

  • Vista Equity Partners receives early HSR termination in merger with Solera Holdings Inc (SLH).

Merger Arbitrage Spreads Oct 19, 2015

The latest stock merger arbitrage spreads:

Sunday, October 11, 2015

The Risk Arbitrage Report for Oct 12, 2015


New Deals:
  • Blackstone Real Estate Partners VIII to acquire Biomed Realty Trust Inc (BMR).
  • Skyworks Solutions Inc (SWKS) to acquire PMC-Sierra Inc (PMCS).
  • Gannett Co Inc (GCI) to acquire Journal Media Group Inc (JMG).
  • Open Text Corp (OTEX) to acquire Daegis Inc (DAEG).
  • DSV to acquire UTi Worldwide Inc. (UTIW).
Closed Deals:
  • Vanguard Natural Resources, LLC (VNR) completes acquisition of LRR Energy LP (LRE).
  • Seagate Technology PLC (STX) completes acquisition of Dot Hill Systems Corp. (HILL).
  • Lone Star Funds completes acquisition of Home Properties, Inc. (HME).
  • St. Jude Medical, Inc. (STJ) completes acquisition of Thoratec Corporation (THOR).
  • Vanguard Natural Resources, LLC (VNR) completes acquisition of Eagle Rock Energy Partners, L.P. (EROC).
  • PacWest Bancorp (PACW) completes acquisition of Square 1 Financial Inc (SQBK).
Updated Deals:

  • Valeant Pharmaceuticals Intl (VRX) receives early HSR termination in merger with Synergetics USA Inc (SURG).
  • Altera Corporation (ALTR) shareholders approve acquisition by Intel Corporation (INTC).

Merger Arbitrage Spreads Oct 12, 2015

The latest stock merger arbitrage spreads:

Sunday, October 4, 2015

The Risk Arbitrage Report for Oct 5, 2015

New Deals:
  • Williams Companies Inc (WMB) agrees to be acquired by Energy Transfer Equity LP (ETE) and terminates deal with Williams Partners L.P. (WPZ).
  • Mellanox Technologies, Ltd. (MLNX) to acquire EZchip Semiconductor Ltd (EZCH).
  • COMSCORE, Inc. (SCOR) to acquire Rentrak Corporation (RENT).
  • Nassau Reinsurance Group to acquire The Phoenix Companies, Inc. (PNX).
  • HomeStreet Inc (HMST) to acquire Orange County Business Bank NA (OCBB).
  • Pacific Premier Bancorp, Inc. (PPBI) to acquire Security California Bancorp (SCAF).
  • Park Sterling Corp (PSTB) to acquire First Capital Bancorp Inc. (FCVA).
  • Ameris Bancorp (ABCB) to acquire Jacksonville Bancorp Inc. (JAXB).
Closed Deals:
  • Liberty Interactive Group (QVCA) completes acquisition of Zulily Inc (ZU).
  • Cox Automotive completes acquisition of DealerTrack Technologies Inc (TRAK).
  • QUALCOMM, Inc. (QCOM) completes acquisition of Ikanos Communications, Inc. (IKAN).
  • Allergan plc (AGN) completes acquisition of Kythera Biopharmaceuticals Inc (KYTH).
  • Tornier NV (TRNX) completes acquisition of Wright Medical Group Inc (WMGI).
  • Standard Pacific Corp. (SPF) completes acquisition of Ryland Group Inc (RYL).
  • FitLife Brands Inc (FTLF) completes acquisition of iSatori Inc (IFIT).
  • Middleby Corp (MIDD) completes acquisition of AGA Rangemaster Group plc (AGFDF).
  • Crestwood Equity Partners LP (CEQP) completes acquisition of Crestwood Midstream Partners L (CMLP).
  • Farmers National Banc Corp (FMNB) completes acquisition of Tri-State First Banc (TSOH).
Updated Deals:
  • ACE Limited (ACE) receives early HSR termination in merger with Chubb Corp (CB).
  • AOL a subsidiary of Verizon Communications Inc. (VZ) receives early HSR termination in merger with Millennial Media, Inc. (MM).
  • Tornier NV (TRNX) receives early HSR termination in merger with Wright Medical Group Inc (WMGI).
  • iSatori Inc (IFIT) shareholders approve acquisition by FitLife Brands Inc (FTLF).
  • Home Properties, Inc. (HME) shareholders approve acquisition by Lone Star Funds.

Merger Arbitrage Spreads Oct 5, 2015

The latest stock merger arbitrage spreads:

Sunday, September 27, 2015

The Risk Arbitrage Report for Sep 27, 2015


Closed Deals:
  • Mueller Industries, Inc. (MLI) completes acquisition of Tecumseh Products Company (TECU).
Updated Deals:

  • Time Warner Cable Inc (TWC) shareholders approve acquisition by Charter Communications, Inc. (CHTR).
  • Remy International Inc (REMY) shareholders approve acquisition by BorgWarner Inc. (BWA) .
  • Leyard Optoelectronic Co receives early HSR termination in merger with Planar Systems, Inc. (PLNR).
  • Tri-State First Banc (TSOH) shareholders approve acquisition by Farmers National Banc Corp (FMNB).
  • EU opens Phase II Review of Staples, Inc. (SPLS) bid for Office Depot Inc (ODP).

Merger Arbitrage Spreads Sep 28, 2015

The latest stock merger arbitrage spreads:

Sunday, September 20, 2015

The Risk Arbitrage Report for Sep 21, 2015


New Deals:
  • Altice to acquire Cablevision Systems Corporatio (CVC).
  • Dialog Semiconductor (DLGNF) to acquire Atmel Corporation (ATML).
  • Vista Equity Partners to acquire Solera Holdings Inc (SLH).
  • OMRON Corp (OMRNY) to acquire Adept Technology Inc (ADEP).
  • DENTSPLY International Inc. (XRAY) to acquire Sirona Dental Systems, Inc. (SIRO).
  • Insite Vision Inc. (INSV) agrees to be acquired by Sun Pharmaceutical Industries Ltd and terminates deal with QLT Inc. (USA) (QLTI).
  • California Bank Of Commerce (CABC) to acquire Pan Pacific Bank (PPFC).
Closed Deals:
  • Expedia Inc (EXPE) completes acquisition of Orbitz Worldwide, Inc. (OWW).
  • Total Merchant Limited completes acquisition of Metalico, Inc. (MEA).
  • Independence Realty Trust Inc (IRT) completes acquisition of Trade Street Residential Inc (TSRE).
  • Montana Exploration Corp (MTZ.V) completes acquisition of Gale Force Petroleum (GFPMF).
  • Home Bancorp, Inc. (HBCP) completes acquisition of Louisiana Bancorp, Inc. (LABC).
Updated Deals:
To Read:

Merger Arbitrage Spreads Sep 21, 2015

The latest stock merger arbitrage spreads:

Sunday, September 13, 2015

The Risk Arbitrage Report for Sep 14, 2015


New Deals:
  • XPO Logistics Inc (XPO) to acquire Con-way Inc (CNW).
  • Media General Inc (MEG) to acquire Meredith Corporation (MDP).
  • Siris Capital Group, LLC to acquire Premiere Global Services, Inc. (PGI).
  • Ericsson to acquire Envivio Inc (ENVI).
  • Nicolet Bankshares Inc (NCBS) to acquire Baylake Corporation (BYLK).
  • CEB Inc (CEB) to acquire Wanted Technologies Corp (WAN.V).
Closed Deals:
  • Valeant Pharmaceuticals Intl (VRX) completes acquisition of Unilens Vision Inc. (UVIC).
Updated Deals:

Merger Arbitrage Spreads Sep 14, 2015

The latest stock merger arbitrage spreads:

Monday, September 7, 2015

The Risk Arbitrage Report for Sep 7, 2015


New Deals:
  • Emera Inc. (EMA.TO) to acquire TECO Energy, Inc. (TE).
  • Valeant Pharmaceuticals Intl (VRX) to acquire Synergetics USA Inc (SURG).
  • AOL a subsidiary of Verizon Communications Inc. (VZ) to acquire Millennial Media, Inc. (MM).
  • Diodes Incorporated (DIOD) to acquire Pericom Semiconductor (PSEM).
  • The Carlyle Group LP (CG) to acquire Blyth, Inc. (BTH).
  • Westport Innovations (WPRT) to acquire Fuel Systems Solutions, Inc. (FSYS).
  • Bohai Leasing Co. to acquire Avolon Holdings Ltd (AVOL).
Closed Deals:
  • Danaher Corp (DHR) completes acquisition of Pall Corporation (PLL).
  • Pfizer Inc. (PFE) completes acquisition of Hospira, Inc. (HSP).
  • Columbus McKinnon Corp. (CMCO) completes acquisition of Magnetek Inc (MAG).
  • CECO Environmental Corp. (CECE) completes acquisition of PMFG Inc (PMFG).
  • NRD Partners completes acquisition of Frisch’s Restaurants, Inc. (FRS).
  • Howard Bancorp Inc (HBMD) completes acquisition of Patapsco Bancorp (PATD).
  • United Community Banks, Inc. (UCBI) completes acquisition of Palmetto Bancshares Inc (PLMT).
Updated Deals:

Merger Arbitrage Spreads Sep 7, 2015

The latest stock merger arbitrage spreads:

Sunday, August 30, 2015

The Risk Arbitrage Report for Aug 31, 2015


New Deals:
  • Southern Co (SO) to acquire AGL Resources Inc. (GAS).
  • Schlumberger Limited. (SLB) to acquire Cameron International Corporat (CAM).
  • Sycamore Partners to acquire Belk Inc (BLKIA).
  • Insiders to acquire United Capital Corp (UCAP).
  • Northfield Bancorp Inc (NFBK) to acquire Hopewell Valley (HWDY).
  • Oak Valley Bancorp (OVLY) to acquire Mother Lode Bank (MOLB).
Closed Deals:
  • Asahi Kasei Corp completes acquisition of Polypore International, Inc. (PPO).
  • Celgene Corporation (CELG) completes acquisition of Receptos Inc (RCPT).
  • Apax Partners completes acquisition of Quality Distribution, Inc. (QLTY).
  • NRD Partners completes acquisition of Frisch's Restaurants, Inc. (FRS).
  • Harvest International New Energy, Inc. completes acquisition of Alter NRG Corp (NRG.TO).
Updated Deals:

  • QLT Inc. (USA) (QLTI) amends merger consideration in merger with Insite Vision Inc. (INSV).
  • The Public Service Commission of the District of Columbia rejects Exelon Corporation's (EXC) application of merger with  Pepco Holdings, Inc. (POM).
  • Pfizer Inc. (PFE) receives HSR termination in merger with Hospira, Inc. (HSP).
  • MPLX LP (MPLX) receives early HSR termination in merger with Markwest Energy Partners LP (MWE).
  • Columbus McKinnon Corp. (CMCO) announces that the HSR waiting period has expired in planned merger with Magnetek Inc (MAG).
  • Platform Specialty Products Co (PAH) receives early HSR termination in merger with Alent plc (ALNXY).

Merger Arbitrage Spreads Aug 31, 2015

The latest stock merger arbitrage spreads:

Sunday, August 23, 2015

The Risk Arbitrage Report for Aug 24, 2015

New Deals:
  • Liberty Interactive Group (QVCA) to acquire Zulily Inc (ZU).
  • Seagate Technology PLC (STX) to acquire Dot Hill Systems Corp. (HILL).
  • Catterton to acquire Steiner Leisure Ltd (STNR).
  • BB&T Corporation (BBT) to acquire National Penn Bancshares (NPBC).
Closed Deals:
  • CVS Health Corp (CVS) completes acquisition of Omnicare, Inc. (OCR).
  • LKQ Corporation (LKQ) completes acquisition of Coast Distribution System Inc (CRV).
  • Pennantpark Floating Rate Capital (PFLT) completes acquisition of MCG Capital Corp (MCGC).
  • Ascena Retail Group Inc (ASNA) completes acquisition of Ann Inc (ANN).
  • Brookfield Asset Management In (BAM) completes acquisition of GrafTech International Ltd (GTI).
  • Opko Health Inc. (OPK) acquisition of Bio-Reference Laboratories Inc (BRLI).
  • Heritage Commerce Corp. (HTBK) completes acquisition of Focus Business Bank (FCSB).
Updated Deals:

Merger Arbitrage Spreads Aug 24, 2015

The latest stock merger arbitrage spreads:

Sunday, August 16, 2015

The Risk Arbitrage Report for Aug 17, 2015


New Deals:

  • Berkshire Hathaway (BRK-B) to acquire Precision Castparts Corp. (PCP).
  • Sumitomo Life to acquire Symetra Financial Corporation (SYA).
  • Konecranes Plc (KCR1V.HE) to acquire Terex Corporation (TEX).
  • CVR Partners LP (UAN) to acquire Rentech Nitrogen Partners LP (RNF).
  • Envestnet Inc (ENV) to acquire Yodlee Inc (YDLE).
  • Management & Buyer Group to acquire WuXi PharmaTech (Cayman) Inc. (WX).
  • Shenandoah Telecommunications (SHEN) to acquire NTELOS Holdings Corp (NTLS).
  • Leyard Optoelectronic Co to acquire Planar Systems, Inc. (PLNR).
  • MobilityWorks to acquire Hasco Medical Inc (HASC).
  • BNC Bancorp (BNCN) to acquire Southcoast Financial Corporati (SOCB).
Busted Deals:
  • SFX Entertainment Inc (SFXE) basically calls off the going private transaction by Insiders.
Closed Deals:
  • Pegasus Investment Holdings Limited completes acquisition of China Mobile Games & Entnmnt G (CMGE).
  • Northwest Bancshares, Inc. (NWBI) completes acquisition of LNB Bancorp Inc (LNBB).
Updated Deals:

  • OM Group, Inc. (OMG) shareholders approve acquisition by Apollo Global Management LLC (APO).
  • Celgene Corporation (CELG) announces that the HSR waiting period has expired in planned merger with Receptos Inc (RCPT).
  • Avago Technologies Ltd (AVGO) announces that the HSR waiting period has expired in planned merger with Broadcom Corporation (BRCM).
  • Centene Corp (CNC) receives early HSR termination in merger with Health Net, Inc. (HNT).
  • BorgWarner Inc. (BWA) receives early HSR termination in merger with Remy International Inc (REMY).
  • MCG Capital Corp (MCGC) shareholders approve acquisition by Pennantpark Floating Rate Capital (PFLT).

Merger Arbitrage Spreads Aug 17, 2015

The latest stock merger arbitrage spreads:

Sunday, August 9, 2015

The Risk Arbitrage Report for Aug 10, 2015


New Deals:
  • QUALCOMM, Inc. (QCOM) to acquire Ikanos Communications, Inc. (IKAN).
  • Partnerre Ltd (PRE) agrees to be acquired by EXOR S.p.A (EXOSF) and terminates deal with Axis Capital Holdings Limited  (AXS).
  • Mueller Industries, Inc. (MLI) to acquire Tecumseh Products Company (TECU).
  • Team Health Holdings LLC (TMH) to acquire IPC Healthcare Inc (IPCM).
  • Lakeland Bancorp, Inc. (LBAI) to acquire Pascack Bancorp, Inc. (PSBR).
  • F.N.B. Corp (FNB) to acquire Metro Bancorp Inc (METR).
  • Old Line Bancshares, Inc. (OLBK) to acquire Regal Bancorp (RGBM).
Closed Deals:
  • Microchip Technology Inc. (MCHP) completes acquisition of Micrel, Incorporated (MCRL).
  • Permira funds and Canada Pension Plan Investment Board completes acquisition of Informatica Corporation (INFA).
  • Ciena Corporation (CIEN) completes acquisition of Cyan Inc (CYNI).
  • Brookfield Asset Management (BAM) completes acquisition of Associated Estates Realty Corp (AEC).
  • BB&T Corporation (BBT) completes acquisition of Susquehanna Bancshares Inc (SUSQ).
  • OceanFirst Financial Corp. (OCFC) completes acquisition of Colonial American Bank (CBKX).
  • Bank Of The Ozarks Inc (OZRK) completes acquisition of Bank of the Carolinas Corporat (BCAR).
Updated Deals: