Sunday, February 22, 2015

The Risk Arbitrage Report for February 23, 2015

New Deals:
  • Valeant Pharmaceuticals (VRX) to acquire Salix Pharmaceuticals, Ltd. (SLXP).
  • Ball Corporation (BLL) to acquire Rexam PLC (ADR) (REXMY).
  • Sandstorm Gold Ltd. (SAND) to acquire Gold Royalties Corp (GRO.V).
  • Horizon Bancorp (HBNC) to acquire Peoples Bancorp (PBNI).
Closed Deals:
  • Zillow Inc (Z) completes acquisition of Trulia Inc (TRLA).
  • Laboratory Corp. of America Ho (LH) completes acquisition of Covance Inc. (CVD).
  • Shire PLC (ADR) (SHPG) completes acquisition of NPS Pharmaceuticals, Inc. (NPSP).
  • Royal Philips (PHG) completes acquisition of Volcano Corporation (VOLC).
  • Edens Investment Trust completes acquisition of AmREIT Inc (AMRE).
  • Bay Commercial Bank (BCML) completes acquisition of Valley Community Bank (VCBC).
  • Independent Bank Corp (INDB) completes acquisition of Peoples Federal Bancshares, In (PEOP).
Updated Deals:
  • Atlas Energy LP (ATLS) shareholders approve acquisition by Targa Resources Corp (TRGP).
  • Atlas Pipeline Partners, L.P. (APL) shareholders approve acquisition by Targa Resources Partners LP (NGLS).

Merger Arbitrage Spreads Feb 23, 2015

The latest stock merger arbitrage spreads:

Sunday, February 15, 2015

The Risk Arbitrage Report for February 16, 2015

New Deals:
  • Expedia Inc (EXPE) to acquire Orbitz Worldwide, Inc. (OWW).
  • SS and C Technologies Holdings (SSNC) to acquire Advent Software, Inc. (ADVS).
  • Vector Capital to acquire Saba (SABA).
Closed Deals:
  • Alliant Techsystems Inc. (ATK) completes acquisition of Orbital Sciences Corp (ORB).
  • Access Midstream Partners LP (ACMP) completes acquisition of Williams Partners L.P. (WPZ).
  • Siris Capital Group completes acquisition of Digital River, Inc. (DRIV).
  • TGC Industries  Inc (TGE) completes acquisition of Dawson Geophysical Company (DWSN).
  • Mobius Acquisition completes acquisition of Peerless Systems Corp. (PRLS).
  • 3D Systems Corporation (DDD) completes acquisition of Cimatron Ltd. (CIMT).
  • Enterprise Products Partners L (EPD) completes acquisition of Oiltanking Partners LP (OILT).
  • BioMarin Pharmaceutical Inc. (BMRN) completes acquisition of Prosensa Holding NV (RNA).
  • Bank Of The Ozarks Inc (OZRK) completes acquisition of Intervest Bancshares Corp (IBCA).
  • WesBanco, Inc. (WSBC) completes acquisition of ESB Financial Corporation (ESBF).
Updated Deals:
  • Halliburton Company (HAL) received a second request for information under HSR in merger with  Baker Hughes Incorporated (BHI).
  • International Game Technology (IGT) shareholders approve acquisition by GTECH S.p.A. (GTKYY) .
  • AmerisourceBergen Corp. (ABC) announces that the HSR waiting period has expired in planned merger with MWI Veterinary Supply, Inc. (MWIV).

Merger Arbitrage Spreads Feb 16, 2015

The latest stock merger arbitrage spreads:

Sunday, February 8, 2015

The Risk Arbitrage Report for February 9, 2015


New Deals:
  • Pfizer Inc. (PFE) to acquire Hospira, Inc. (HSP).
  • Staples, Inc. (SPLS) to acquire Office Depot Inc (ODP).
  • Harris Corporation (HRS) to acquire Exelis Inc (XLS).
  • Courier Corporation (CRRC) agrees to be acquired by RR Donnelley & Sons Co (RRD) and terminates deal with Quad/Graphics, Inc.  (QUAD).
  • Insight Venture Partners to acquire E2open Inc (EOPN).
  • Luna Innovations Incorporated (LUNA) to acquire Advanced Photonix, Inc. (API).
  • MaxLinear, Inc. (MXL) to acquire Entropic Communications, Inc. (ENTR).
Closed Deals:
  • Kindred Healthcare, Inc. (KND) completes acquisition of Gentiva Health Services, Inc. (GTIV).
  • Dai-ichi Life completes acquisition of Protective Life Corp. (PL).
  • Publicis Groupe (PUBGY) completes acquisition of Sapient Corporation (SAPE).
Updated Deals:
  • Tornier NV (TRNX) received a second request for information under HSR in merger with  Wright Medical Group Inc (WMGI).

Merger Arbitrage Spreads Feb 9, 2015

The latest stock merger arbitrage spreads:

Sunday, February 1, 2015

The Risk Arbitrage Report for February 2, 2015


New Deals:
  • Energy Transfer Partners LP (ETP) to acquire Regency Energy Partners LP (RGP).
  • Rock-Tenn Company (RKT) to combine with MeadWestvaco Corp. (MWV).
  • Axis Capital Holdings Limited (AXS) to combine Partnerre Ltd (PRE).
  • Lattice Semiconductor (LSCC) to acquire Silicon Image, Inc. (SIMG).
Busted Deals:
  • CME Group Inc (CME) terminates agreement with GFI Group Inc. (GFIG).
Closed Deals:
  • Medtronic, Inc. (MDT) completes acquisition of Covidien plc (COV).
  • Cerberus Capital & Kimco Realty completes acquisition of Safeway Inc. (SWY).
  • Endo International PLC (ENDP) completes acquisition of Auxilium Pharmaceuticals, Inc. (AUXL).
  • Amtech Systems, Inc. (ASYS) completes acquisition of BTU International, Inc. (BTUI).
  • Pluspetrol Resources Corp completes acquisition of Apco Oil and Gas International (APAGF).
  • Pacific Premier Bancorp, Inc. (PPBI) completes acquisition of Independence Bank (IDPK).
  • Fortress Investment Group LLC (FIG) completes acquisition of MicroFinancial Incorporated (MFI).
Updated Deals:
  • Lorillard Inc. (LO) shareholders approve acquisition by Reynolds American, Inc. (RAI) .
  • Apco Oil and Gas International (APAGF) shareholders approve acquisition by Pluspetrol Resources Corp.
  • Orbital Sciences Corp (ORB) shareholders approve acquisition by Alliant Techsystems Inc. (ATK).
  • Ainsworth Lumber Co [$CDN] (ANS.TO) shareholders approve acquisition by Norbord Inc (NBD.TO).
  • Penford Corporation (PENX) shareholders approve acquisition by Ingredion Inc (INGR).

Merger Arbitrage Spreads Feb 2, 2015

The latest stock merger arbitrage spreads: