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: