Sunday, May 31, 2015

The Risk Arbitrage Report for Jun 1, 2015

New Deals:
  • Charter Communications, Inc. (CHTR) to acquire Time Warner Cable Inc (TWC).
  • Avago Technologies Ltd (AVGO) to acquire Broadcom Corporation (BRCM). 
  • CA Technologies (CA) to acquire Rally Software Development Corp (RALY).
  • Fortinet Inc (FTNT) to acquire Meru Networks, Inc. (MERU).
  • Equinix Inc (EQIX) to acquire Telecity Group (TCY.L).
  • Hot Topic (Sycamore Partners) to acquire Geeknet Inc (GKNT). 
  • Insiders to acquire SFX Entertainment Inc (SFXE). 
  • Valley National Bancorp (VLY) to acquire CNLBancshares (CNLB).
  • Heartland Financial USA Inc (HTLF) to acquire Premier Valley Bank  (PVLY).
Busted Deals:
  • TelecityGroup plc (TCY.L) terminates agreement with InterXion Holding NV (INXN).
Closed Deals:
  • Harris Corporation (HRS) completes acquisition of Exelis Inc (XLS).
  • TTM Technologies, Inc. (TTMI) completes acquisition of Viasystems Group, Inc. (VIAS).
  • AbbVie Inc (ABBV) completes acquisition of Pharmacyclics, Inc. (PCYC). 
  • Matson Inc (MATX) completes acquisition of Horizon Lines Inc (HRZL).
Updated Deals:

  • Alexion Pharmaceuticals, Inc. (ALXN) receives early HSR termination in merger with Synageva Biopharma Corp (GEVA).
  • FTC sues to block STERIS Corp (STE) bid for Synergy Health plc (SYR.L).

Merger Arbitrage Spreads Jun 1, 2015

The latest stock merger arbitrage spreads:

Sunday, May 24, 2015

The Risk Arbitrage Report for May 25, 2015

New Deals:
  • CVS Health Corp (CVS) to acquire Omnicare, Inc. (OCR).
  • Ascena Retail Group Inc (ASNA) to acquire Ann Inc (ANN).
  • FitLife Brands Inc (FTLF) to acquire iSatori Inc (IFIT).
  • Brookfield Asset Management In (BAM) to acquire GrafTech International Ltd (GTI).
  • Vanguard Natural Resources, LLC (VNR) to acquire Eagle Rock Energy Partners, L.P. (EROC).
  • NRD Partners to acquire Frisch's Restaurants, Inc. (FRS).
  • ALFA, Harbour Energy Ltd. and Harbour Energy, L.P.  to acquire Pacific Rubiales Energy (PEGFF).
Closed Deals:
  • Hewlett-Packard Company (HPQ) completes acquisition of Aruba Networks, Inc. (ARUN). 
  • Lexmark International Inc (LXK) completes acquisition of Kofax Limited (KFX).
  • BCE Inc (BCE.TO) completes acquisition of GLENTEL Inc (GLN.TO).
  • Kingspan Group plc and Ag Growth International completes acquisition of Vicwest Inc (VIC.TO).
Updated Deals:

  • Harris Corporation (HRS) receives early HSR termination in merger with Exelis Inc (XLS).
  • AbbVie Inc (ABBV) announces that the HSR waiting period has expired in planned merger with Pharmacyclics, Inc. (PCYC).
  • Exelis Inc (XLS) shareholders approve acquisition by Harris Corporation (HRS).

Merger Arbitrage Spreads May 25, 2015

The latest stock merger arbitrage spreads:

Sunday, May 17, 2015

The Risk Arbitrage Report for May 18, 2015

New Deals:
  • Danaher Corporation (DHR) to acquire Pall Corporation (PLL).
  • Verizon Communications Inc. (VZ) to acquire AOL, Inc. (AOL).
  • Williams Companies Inc (WMB) to acquire Williams Partners LP (WPZ).
  • Noble Energy, Inc. (NBL) to acquire Rosetta Resources Inc. (ROSE).
  • Independence Realty Trust Inc (IRT) to acquire Trade Street Residential Inc (TSRE).
Closed Deals:
  • ZF Friedrichshafen AG completes acquisition of TRW Automotive Holdings Corp. (TRW).
  • Fortune Brands Home & Security (FBHS) completes acquisition of Norcraft Companies Inc (NCFT).
Updated Deals:

  • Hospira, Inc. (HSP) shareholders approve acquisition by Pfizer Inc. (PFE).

Merger Arbitrage Spreads May 18, 2015

The latest stock merger arbitrage spreads:

Sunday, May 10, 2015

The Risk Arbitrage Report for May 11, 2015

New Deals:
  • Apax Partners to acquire Quality Distribution Inc (QLTY).
  • Microchip Technology Inc. (MCHP) to acquire Micrel, Incorporated (MCRL).
  • Knowles Corp (KN) to acquire Audience Inc (ADNC).
  • Ciena Corporation (CIEN) to acquire Cyan Inc (CYNI).
  • Hua Capital, CITIC Capital, and GoldStone Investment Co to acquire OmniVision Technologies, Inc. (OVTI).
  • Aurea to acquire Lyris Inc (LYRI).
  • Crestwood Equity Partners LP (CEQP) to acquire Crestwood Midstream Partners (CMLP).
  • Alexion Pharmaceuticals, Inc. (ALXN) to acquire Synageva Biopharma Corp (GEVA).
  • Pitney Bowes Inc. (PBI) to acquire Borderfree Inc (BRDR).
  • Francisco Partners to acquire Clicksoftware Technologies Ltd (CKSW).
  • Capgemini to acquire IGATE Corp (IGTE).
  • Pennantpark Floating Rate Capital (PFLT) to acquire MCG Capital Corp (MCGC).
  • CECO Environmental Corp. (CECE) to acquire PMFG, Inc. (PMFG).
  • Bank Of The Ozarks Inc (OZRK) to acquire Bank of the Carolinas Corporat (BCAR).
Closed Deals:
  • Teva Pharmaceutical Industries (TEVA) completes acquisition of Auspex Pharmaceuticals Inc (ASPX).
  • Repsol completes acquisition of Talisman Energy Inc. (USA) (TLM).
  • Energy Transfer Partners LP (ETP) completes acquisition of Regency Energy Partners LP (RGP).
  • Microsemi Corporation (MSCC) completes acquisition of Vitesse Semiconductor (VTSS).
  • Avago Technologies Ltd (AVGO) completes acquisition of Emulex Corporation (ELX).
  • Luna Innovations Incorporated (LUNA) completes acquisition of Advanced Photonix, Inc. (API).
  • FUJIFILM Holdings Corp completes acquisition of Cellular Dynamics Internationa (ICEL).
  • MaxLinear, Inc. (MXL) completes acquisition of Entropic Communications, Inc. (ENTR).
  • Mitel (MITL) completes acquisition of Mavenir Systems Inc (MVNR).
  • Horizon Pharma PLC (HZNP) completes acquisition of Hyperion Therapeutics Inc (HPTX).
  • Putnam County Savings Bank completes acquisition of CMS Bancorp, Inc. (CMSB).
  • Sandstorm Gold Ltd. (SSL.TO) completes acquisition of Gold Royalties Corp (GRO.V).
  • LCNB Corp. (LCNB) completes acquisition of BNB Bancorp (BNBK).
Updated Deals:

  • Horizon Pharma PLC (HZNP) announces that the HSR waiting period has expired in planned merger with Hyperion Therapeutics Inc (HPTX).
  • Endurance Specialty Holdings L (ENH) receives early HSR termination in merger with Montpelier Re Holdings Ltd. (MRH).

Merger Arbitrage Spreads May 11, 2015

The latest stock merger arbitrage spreads: