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:

Merger Arbitrage Spreads Aug 10, 2015

The latest stock merger arbitrage spreads:

Sunday, August 2, 2015

The Risk Arbitrage Report for Aug 3, 2015


New Deals:
  • Solvay to acquire Cytec Industries Inc (CYT).
  • Columbus McKinnon Corp. (CMCO) to acquire Magnetek Inc (MAG).
  • Suncrest Bank  (SBKK) to acquire Sutter Community Bank  (SUTB).
  • Xiamen Insight Investment Co. to acquire Xueda Education Group (ADR) (XUE).
  • BSM Technologies (BSMZF) to acquire Webtech Wireless (WEWWF).
Closed Deals:
  • Blackstone Property Partners L.P. completes acquisition of Excel Trust Inc (EXL).
  • Hach Company completes acquisition of Sutron Corporation (STRN).
  • Endurance Specialty Holdings L (ENH) completes acquisition of Montpelier Re Holdings Ltd. (MRH).
  • Insiders complete acquisition of Perfect World Co., Ltd. (ADR) (PWRD).
Updated Deals:

  • Allergan plc (AGN) receives early HSR termination in merger with Kythera Biopharmaceuticals Inc (KYTH).
  • Pall Corporation (PLL) shareholders approve acquisition by Danaher Corp (DHR).
  • Cyan Inc (CYNI) shareholders approve acquisition by Ciena Corporation (CIEN).
  • EU opens in-depth investigation of FedEx Corporation (FDX) bid for TNT Express N.V. (TNTEY).

Merger Arbitrage Spreads Aug 3, 2015

The latest stock merger arbitrage spreads: