Sunday, December 25, 2016

The Risk Arbitrage Report for Dec 26, 2016

New Deals:
  • Fairfax Financial Holdings Ltd (FRFHF) to acquire Allied World Assurance Co Hold (AWH).
  • TDK Corp (ADR) (TTDKY) to acquire InvenSense Inc (INVN).
  • Management to acquire Calamos Asset Management, Inc (CLMS).
  • Orchestra PrĂ©maman SA (KAZI) to acquire Destination Maternity Corp (DEST).
  • MainSource Financial Group Inc (MSFG) to acquire FCB Bancorp, Inc (FCBE).
Busted Deals:
  • New York Community Bancorp (NYCB) terminates agreement with Astoria Financial Corp (AF).
Closed Deals:

  • AMC Entertainment Holdings Inc (AMC) completes acquisition of Carmike Cinemas, Inc. (CKEC).
  • Adobe Systems Incorporated (ADBE) completes acquisition of TubeMogul Inc (TUBE).
  • Suncrest Bank (SBKK) completes acquisition of Security First Bank  (SFRK).

Merger Arbitrage Spreads Dec 26, 2016

The latest stock merger arbitrage spreads:

Sunday, December 18, 2016

The Risk Arbitrage Report for Dec 19, 2016


New Deals:
  • Golden Gate Capital to acquire Neustar Inc (NSR).
  • Teledyne Technologies Inc (TDY) to acquire e2v technologies plc (E2V.L).
  • H.I.G. Capital, LLC to acquire Lionbridge Technologies, Inc. (LIOX).
  • Patterson-UTI Energy, Inc. (PTEN) to acquire Seventy Seven Energy (SVNT).
  • Pacific Premier Bancorp, Inc. (PPBI) to acquire Heritage Oaks Bancorp (HEOP).
  • Southern National Banc. of Virginia (SONA) to acquire Eastern Virginia Bankshares (EVBS).
  • Simmons First National Corpora (SFNC) to acquire Southwest Bancorp, Inc. (OKSB).
  • BFC Financial Corporation (BFCF) completes acquisition of BBX Capital Corp (BBX).
Closed Deals:
  • Alaska Air Group, Inc. (ALK) completes acquisition of Virgin America Inc (VA).
Updated Deals:

Merger Arbitrage Spreads Dec 19, 2016

The latest stock merger arbitrage spreads:

Sunday, December 11, 2016

The Risk Arbitrage Report for Dec 12, 2016


New Deals:
  • Synchronoss Technologies, Inc. (SNCR) to acquire Intralinks Holdings Inc (IL).
  • Consolidated Communications Ho (CNSL) to acquire FairPoint Communications Inc (FRP).
  • Steel Partners Holdings LP (SPLP) to acquire Steel Excel Inc (SXCL).
  • Rhythmone PLC (RTHM.L) to acquire Perk Inc (PER.TO).
  • Sibanye Gold Ltd (ADR) (SBGL) to acquire Stillwater Mining Company (SWC).
Closed Deals:
  • Microsoft Corporation (MSFT) completes acquisition of LinkedIn Corp (LNKD).
  • Lions Gate Entertainment Corp. (LGF) completes acquisition of Starz (STRZA).
  • Riverstone Holdings LLC completes acquisition of Talen Energy Corp (TLN).
  • j2 Global, Inc completes acquisition of Everyday Health Inc (EVDY).
  • HNA Group completes acquisition of Ingram Micro Inc. (IM).
  • Transocean LTD (RIG) completes acquisition of Transocean Partners LLC (RIGP).
Updated Deals:
To Read:

Merger Arbitrage Spreads Dec 12, 2016

The latest stock merger arbitrage spreads:

Sunday, December 4, 2016

The Risk Arbitrage Report for Dec 5, 2016


New Deals:
  • Teleflex Incorporated (TFX) to acquire Vascular Solutions, Inc. (VASC).
  • Parker-Hannifin Corp (PH) to acquire CLARCOR Inc. (CLC).
Closed Deals:

  • Apex Technology Co. & PAG Asia Capital complete acquisition of Lexmark International Inc (LXK).
  • Vista Equity Partners completes acquisition of Cvent Inc (CVT).
  • Amsurg Corp (AMSG) completes acquisition of Envision Healthcare Holdings I (EVHC).
  • Mid-America Apartment Communities (MAA) completes acquisition of Post Properties Inc (PPS).
  • QLT Inc. (USA) (QLTI) completes acquisition of Aegerion Pharmaceuticals, Inc. (AEGR).
  • Tessera Technologies, Inc. (TSRA) completes acquisition of DTS Inc. (DTSI).
  • GlobalWafers Co completes acquisition of Sunedison Semiconductor Ltd (SEMI).
  • Genesys  completes acquisition of Interactive Intelligence Group (ININ).
  • OceanFirst Financial Corp. (OCFC) completes acquisition of Ocean Shore Holding Co (OSHC).

Merger Arbitrage Spreads Dec 5, 2016

The latest stock merger arbitrage spreads:

Sunday, November 27, 2016

The Risk Arbitrage Report for Nov 28, 2016

New Deals:
  • Symantec Corporation (SYMC) to acquire Lifelock Inc (LOCK).
  • MACOM Technology Solutions (MTSI) to acquire Applied Micro Circuits Corp (AMCC).
  • Sunoco Logistics Partners L.P. (SXL) to acquire Energy Transfer Partners LP (ETP).
  • ACNB Corporation (ACNB) to acquire New Windsor Bancorp (NWID).
Closed Deals:
  • Boston Scientific Corporation (BSX) completes acquisition of EndoChoice Holdings Inc (GI).
  • Farmers & Merchants Bancorp (FMCB) completes acquisition of Delta National Bancorp (DEBC).
Updated Deals:

  • Ocean Shore Holding Co (OSHC) shareholders approve acquisition by OceanFirst Financial Corp. (OCFC).

Merger Arbitrage Spreads Nov 28, 2016

The latest stock merger arbitrage spreads:

Sunday, November 20, 2016

The Risk Arbitrage Report for Nov 21, 2016

New Deals:
  • Boral Limited to acquire Headwaters Inc (HW).
  • Tesoro Corporation (TSO) to acquire Western Refining, Inc (WNR).
  • WellCare Health Plans, Inc. (WCG) to acquire Universal American Corporation (UAM).
  • Siemens AG (ADR) (SIEGY) to acquire Mentor Graphics Corp (MENT).
  • Samsung Electronics (KRX:005930) to acquire Harman International Industrie (HAR).
  • Regency Centers Corp (REG) to acquire Equity One, Inc. (EQY).
  • Glacier Bancorp, Inc. (GBCI) to acquire TFB Bancorp (TBBN).
  • First Interstate Bancsystem In (FIBK) to acquire Cascade Bancorp (CACB).
Closed Deals:
  • Nice Ltd (ADR) (NICE) completes acquisition of Incontact Inc (SAAS).
  • Coherent, Inc. (COHR) completes acquisition of Rofin-Sinar Technologies Inc (RSTI).
  • Crestview Partners completes acquisition of Accuride Corporation (ACW).
Updated Deals:
To Read:

Merger Arbitrage Spreads Nov 21, 2016

The latest stock merger arbitrage spreads:

Sunday, November 13, 2016

The Risk Arbitrage Report for Nov 14, 2016

New Deals:
  • Adobe Systems Incorporated (ADBE) to acquire TubeMogul Inc (TUBE).
  • Windstream Holdings Inc (WIN) to acquire Earthlink Holdings Corp (ELNK).
  • Insight Enterprises, Inc. (NSIT) to acquire Datalink Corporation (DTLK).
  • Bain Capital Private Equity and Bow Street LLC to acquire Blue Nile Inc (NILE).
  • Carolina Financial Corp (CARO) to acquire Greer Bancshares Inc (GRBS).
Closed Deals:
  • Alphabet Inc (GOOGL) completes acquisition of Apigee Corp (APIC).
  • Vista Equity Partners completes acquisition of Infoblox Inc (BLOX).
  • Verizon Communications Inc. (VZ) completes acquisition of FleetMatics Group PLC (FLTX).
  • Great American Insurance Co completes acquisition of National Interstate Corporation (NATL).
Updated Deals:
To Read:

Merger Arbitrage Spreads Nov 14, 2016

The latest stock merger arbitrage spreads:

Sunday, November 6, 2016

The Risk Arbitrage Report for Nov 7, 2016


New Deals:
  • Centurylink Inc (CTL) to acquire Level 3 Communications, Inc. (LVLT).
  • Broadcom Ltd (AVGO) to acquire Brocade Communications Systems (BRCD).
  • Blackstone to acquire TeamHealth Holdings Inc (TMH).
  • American Axle & Manf (AXL) to acquire Metaldyne Performance Group (MPG).
  • Canyon Bridge Capital Partners to acquire Lattice Semiconductor (LSCC).
  • GTCR to acquire Inteliquent Inc (IQNT).
  • Heartland Financial USA Inc (HTLF) to acquire Founders Bancorp (FBCP).
  • Tecogen Inc (TGEN) to acquire American DG Energy Inc (ADGE).
  • Nicolet Bankshares Inc (NCBS) to acquire First Menasha Bancshares (FMBJ).
Closed Deals:
  • Oracle Corporation (ORCL) completes acquisition of NetSuite Inc (N).
  • Hewlett Packard Enterprise Co (HPE) completes acquisition of Silicon Graphics International (SGI).
  • Apollo Global Management LLC (APO) completes acquisition of Rackspace Hosting, Inc. (RAX).
  • Danaher Corporation (DHR) completes acquisition of Cepheid (CPHD).
  • Randstad Holding NV [ADR] (RANJY) to acquire Monster Worldwide (MWW).
  • Genesee & Wyoming Inc (GWR) completes acquisition of Providence & Worcester Railroad (PWX).
  • Allergan plc (AGN) completes acquisition of Tobira Therapeutics Inc (TBRA).
  • Great Elm Capital Group (GEC) completes acquisition of Full Circle Capital Corp (FULL).
  • BNC Bancorp (BNCN) completes acquisition of High Point Bank Corp (HPTB).
Updated Deals:
To Read:

Merger Arbitrage Spreads Nov 7, 2016

The latest stock merger arbitrage spreads:

Sunday, October 30, 2016

The Risk Arbitrage Report for Oct 31, 2016


New Deals:
  • AT&T Inc. (T) to acquire Time Warner Inc (TWX).
  • Rockwell Collins, Inc. (COL) to acquire B/E Aerospace Inc (BEAV).
  • QUALCOMM, Inc. (QCOM) to acquire NXP Semiconductors NV (NXPI).
  • China Oceanwide Holdings Group to acquire Genworth Financial Inc (GNW).
  • j2 Global, Inc to acquire Everyday Health Inc (EVDY).
  • American Midstream Partners LP (AMID) to acquire JP Energy Partners LP (JPEP).
  • Access National Corporation (ANCX) to acquire Middleburg Financial Corp. (MBRG).
  • Community Bank System, Inc. (CBU) to acquire Merchants Bancshares,Inc. (MBVT).
  • Insiders to acquire Qunar Cayman Islands Ltd (QUNR).
  • EQT Corporation (EQT) to acquire Trans Energy, Inc. (TENG).
Busted Deals:
Closed Deals:
  • Allergan plc (AGN) completes acquisition of Vitae Pharmaceuticals Inc (VTAE).
  • Sunovion Pharmaceuticals completes acquisition of Cynapsus Therapeutics (CYNA).
  • Vail Resorts, Inc. (MTN) completes acquisition of Whistler Blackcomb Holdings (WB.TO).
  • EQT Equity completes acquisition of Press Ganey Holdings Inc (PGND).
  • Horizon Pharma PLC (HZNP) completes acquisition of Raptor Pharmaceutical Corp (RPTP).
  • Westfield Financial, Inc. (WFD) completes acquisition of Chicopee Bancorp, Inc. (CBNK).
  • Capital Bank Financial Corp (CBF) completes acquisition of CommunityOne Bancorp (COB).
  • Lizton Financial Corp completes acquisition of Indiana Business Bancorp (IBBI).
  • Centerra Gold (CG.TO) completes acquisition of Thompson Creek Metals Company (TCM.TO).
Updated Deals:

Merger Arbitrage Spreads Oct 31, 2016

The latest stock merger arbitrage spreads:

Sunday, October 16, 2016

The Risk Arbitrage Report for Oct 17, 2016

New Deals:
  • First Reserve to acquire Gas Natural Inc (EGAS).
Closed Deals:

  • Anheuser Busch Inbev SA (ADR) (BUD) completes acquisition of SABMiller plc (SBMRY).
  • Fortis Inc. (FTS.TO) completes acquisition of ITC Holdings Corp. (ITC).

Merger Arbitrage Spreads Oct 17, 2016

The latest stock merger arbitrage spreads:

Sunday, October 9, 2016

The Risk Arbitrage Report for Oct 10, 2016


New Deals:
  • Bass Pro Shop to acquire Cabelas Inc (CAB).
  • Henderson Group plc (HGG.L) to acquire Janus Capital Group Inc (JNS).
  • First Commonwealth Financial (FCF) to acquire DCB Financial Corp (DCBF).
  • Cardtronics PLC (CATM) to acquire DirectCash Payments (DCI.TO).
  • Salem Five Bancorp to acquire Georgetown Bancorp Inc (GTWN).
Busted Deals:
  • Lam Research Corporation (LRCX) terminates agreement with KLA-Tencor Corp (KLAC).
Closed Deals:
  • Mill Road Capital completes acquisition of Skullcandy Inc (SKUL).
  • Duke Energy Corp (DUK) completes acquisition of Piedmont Natural Gas (PNY).
  • Quintiles Transnational Holdings (Q) completes acquisition of IMS Health Holdings Inc (IMS).
  • TDK Corp completes acquisition of Hutchinson Technology Inc (HTCH).
  • OMERS Private Equity completes acquisition of EPIQ Systems, Inc. (EPIQ).
  • Cousins Properties Inc (CUZ) completes acquisition of Parkway Properties Inc (PKY).
  • Utz Quality Foods completes acquisition of Golden Enterprises, Inc. (GLDC).
  • WellMed Medical Management completes acquisition of USMD Holdings Inc (USMD).
  • Central Valley Community Banco (CVCY) completes acquisition of Sierra Vista Bank (SVBA).
  • Mechanics Bank completes acquisition of California Republic Bancorp (CRPB).
Updated Deals:

Merger Arbitrage Spreads Oct 10, 2016

The latest stock merger arbitrage spreads:

Sunday, October 2, 2016

The Risk Arbitrage Report for Oct 3, 2016

New Deals:
  • LANXESS to acquire Chemtura Corp (CHMT).
  • CBOE Holdings, Inc (CBOE) to acquire Bats Global Markets Inc (BATS).
  • Boston Scientific Corporation (BSX) to acquire EndoChoice Holdings Inc (GI).
Closed Deals:
  • Siris Capital Group completes acquisition of Polycom Inc (PLCM).
  • Vector Capital completes acquisition of Sizmek Inc (SZMK).
  • Apollo Global Management LLC (APO) completes acquisition of Outerwall Inc (OUTR).
  • Pfizer Inc. (PFE) completes acquisition of Medivation Inc (MDVN).
  • Avast Software completes acquisition of AVG Technologies NV (AVG).
  • SemGroup Corp (SEMG) completes acquisition of Rose Rock Midstream LP (RRMS).
Updated Deals:

Merger Arbitrage Spreads Oct 3, 2016

The latest stock merger arbitrage spreads:

Sunday, September 25, 2016

The Risk Arbitrage Report for Sep 26, 2016



New Deals:
  • Eldorado Resorts Inc (ERI) to acquire Isle of Capri Casinos (ISLE).
  • Vista Equity Partners to acquire Infoblox Inc (BLOX).
  • Tessera Technologies, Inc. (TSRA) to acquire DTS Inc. (DTSI).
  • Allergan plc (AGN) to acquire Tobira Therapeutics Inc (TBRA).
  • Lennar Corporation (LEN) to acquire WCI Communities Inc (WCIC).
  • CVB Financial Corp. (CVBF) to acquire Valley Commerce Bancorp (VCBP).
Closed Deals:
  • Marriott International Inc (MAR) completes acquisition of Starwood Hotels & Resorts World (HOT).
  • ON Semiconductor Corp (ON) completes acquisition of Fairchild Semiconductor (FCS).
  • Thermo Fisher Scientific Inc. (TMO) completes acquisition of FEI Company (FEIC).
  • Management completes acquisition of E Commerce China Dangdang Inc (DANG).
Updated Deals:
  • InterOil Corporation (USA) (IOC) shareholders approve acquisition by Exxon Mobil Corporation (XOM).

Merger Arbitrage Spreads Sep 26, 2016

The latest stock merger arbitrage spreads:

Sunday, September 18, 2016

The Risk Arbitrage Report for Sep 19, 2016
New Deals:
  • Bayer AG (ADR) (BAYRY) to acquire Monsanto Company (MON).
  • Agrium Inc. (USA) (AGU) to acquire Potash Corporation of Saskatch (POT).
  • Allergan plc (AGN) to acquire Vitae Pharmaceuticals Inc (VTAE).
  • Horizon Pharma PLC (HZNP) to acquire Raptor Pharmaceutical Corp. (RPTP).
  • Farmland Partners Inc (FPI) to acquire American Farmland Co (AFCO).
  • Renesas Electronics Corp to acquire Intersil Corp (ISIL).
  • PWC Capital (PWC.TO) to acquire VersaBank  (VB.TO).
Busted Deals:
  • Fortress Biotech Inc (FBIO) completes tender offer of National Holdings Corporation (NHLD) but merger fails.
Closed Deals:
  • Thoma Bravo completes acquisition of Imprivata Inc (IMPR).
  • Steinhoff International  (SNHFY) completes acquisition of Mattress Firm Holding Corp (MFRM).
  • OSI Systems, Inc. (OSIS) completes acquisition of American Science & Engineering (ASEI).
  • Foxconn Technology Group completes acquisition of SMART Technologies Inc (SMT).
  • Range Resources Corp. (RRC) completes acquisition of Memorial Resource Development (MRD).
  • Hecla Mining Company (HL) completes acquisition of Mines Management, Inc. (MGN).
  • Dominion Resources, Inc. (D) completes acquisition of Questar Corporation (STR).
Updated Deals: