Sunday, January 31, 2016

The Risk Arbitrage Report for Feb 1, 2016


New Deals:
  • Tyco International PLC (TYC) to acquire Johnson Controls Inc (JCI).
  • Nexstar Broadcasting Group, Inc (NXST) to acquire Media General Inc (MEG).
  • Huntington Bancshares Inc (HBAN) to acquire Firstmerit Corp (FMER).
  • Chemical Financial Corporation (CHFC) to acquire Talmer Bancorp Inc (TLMR).
  • Pinnacle Financial Partners (PNFP) to acquire Avenue Financial Holdings Inc (AVNU).
Busted Deals:
  • Media General Inc (MEG) terminates agreement with Meredith Corporation (MDP).
Closed Deals:
  • Berkshire Hathaway (BRK-B) completes acquisition of Precision Castparts Corp. (PCP).
  • Blackstone Real Estate Partners VIII completes acquisition of Biomed Realty Trust Inc (BMR).
  • COMSCORE, Inc. (SCOR) completes acquisition of Rentrak Corporation (RENT).
  • Pamplona Capital Management completes acquisition of MedAssets, Inc. (MDAS).
  • Hua Capital, CITIC Capital, and GoldStone Investment Co completes acquisition of OmniVision Technologies, Inc. (OVTI).
  • PBB Bancorp (PBCA) completes acquisition of First Mountain Bank (FMBP).
  • Southern BancShares completes acquisition of Heritage Bankshares, Inc. (HBKS).
Updated Deals:
  • River Valley Bancorp (RIVR) shareholders approve acquisition by German American Bancorp., Inc. (GABC).
  • Campus Crest Communities Inc (CCG) shareholders approve acquisition by Harrison Street Real Estate.
To Read:

Merger Arbitrage Spreads Feb 1, 2016

The latest stock merger arbitrage spreads:

Sunday, January 24, 2016

The Risk Arbitrage Report for Jan 24, 2016


New Deals:
  • Progressive Waste Solutions Lt (BIN) to acquire Waste Connections, Inc. (WCN).
  • Atmel Corporation (ATML) agrees to be acquired by Microchip Technology Inc. (MCHP) and terminates deal with Dialog Semiconductor (DLGNF).
  • Acorda Therapeutics Inc (ACOR) to acquire Biotie Therapies (BITI).
  • ANADIGICS, Inc. (ANAD) agrees to be acquired by II-VI, Inc. (IIVI) and terminates deal with GaAs Labs, LLC.
Closed Deals:
  • Shire PLC (ADR) (SHPG) completes acquisition of Dyax Corp. (DYAX).
  • SCA completes acquisition of Wausau Paper Corp. (WPP).
  • DSV completes acquisition of UTi Worldwide Inc. (UTIW).
  • C R Bard Inc (BCR) completes acquisition of Liberator Medical Holdings Inc (LBMH).
Updated Deals:
To Read:

  • FTC raises threshold for reporting M&A subject to antitrust enforcement in 2016 to $78.2MM from $76.3MM.

Merger Arbitrage Spreads Jan 24, 2016

The latest stock merger arbitrage spreads:

Sunday, January 17, 2016

The Risk Arbitrage Report for Jan 18, 2016


New Deals:
  • Shire PLC (ADR) (SHPG) to acquire Baxalta Inc (BXLT).
  • Old National Bancorp (ONB) to acquire Anchor Bancorp Wisconsin Inc (ABCW).
  • Royal Financial (RYFL) to acquire Park Bancorp (PFED).
Closed Deals:
  • ACE Limited (ACE) completes acquisition of Chubb Corp (CB).
  • Microsemi Corporation (MSCC) completes acquisition of PMC-Sierra Inc (PMCS).
  • Pinnacle Foods Inc (PF) completes acquisition of Boulder Brands Inc (BDBD).
  • Equinix Inc (EQIX) completes acquisition of Telecity Group (TCY.L).
  • Liberty Bank completes acquisition of Naugatuck Valley Financial Cor (NVSL).
Updated Deals:

  • Ball Corporation (BLL) was granted antitrust clearance by the EC in the proposed acquisition of Rexam PLC (ADR) (REXMY).
  • EU opens in-depth investigation of Halliburton Company (HAL) bid for Baker Hughes Incorporated (BHI).
  • Sirona Dental Systems, Inc. (SIRO) shareholders approve acquisition by DENTSPLY International Inc. (XRAY).
  • Heritage Bankshares, Inc. (HBKS) shareholders approve acquisition by Southern BancShares.
  • UTi Worldwide Inc. (UTIW) shareholders approve acquisition by DSV.
  • MedAssets, Inc. (MDAS) shareholders approve acquisition by Pamplona Capital Management.
  • Metro Bancorp Inc (METR) shareholders approve acquisition by F.N.B. Corp (FNB).

Merger Arbitrage Spreads Jan 18, 2016

The latest stock merger arbitrage spreads:

Sunday, January 10, 2016

The Risk Arbitrage Report for Jan 11, 2016


New Deals:
  • Thermo Fisher Scientific Inc. (TMO) to acquire Affymetrix, Inc. (AFFX).
  • Emclaire Financial Corp (EMCF) to acquire United-American Savings Bank (UASB).
  • Sierra Bancorp (BSRR) to acquire Coast Bancorp (CTBP).
  • OceanFirst Financial Corp. (OCFC) to acquire Cape Bancorp, Inc. (CBNJ).
  • Carolina Financial Corp (CARO) to acquire Congaree Bancshares Inc (CNRB).
Closed Deals:
  • TransDigm Group Incorporated (TDG) completes acquisition of Breeze-Eastern Corp (BZC).
  • Willis Group Holdings PLC (WSH) completes acquisition of Towers Watson & Co (TW).
  • Arris Group Inc (ARRS) completes acquisition of Pace plc (PIC.L).
  • Bohai Leasing Co. completes acquisition of Avolon Holdings Ltd (AVOL).
  • California Bank Of Commerce (CABC) completes acquisition of Pan Pacific Bank (PPFC).
  • First Merchants Corporation (FRME) completes acquisition of Ameriana Bancorp (ASBI).
  • Northfield Bancorp Inc (NFBK) completes acquisition of Hopewell Valley (HWDY).
  • Park Sterling Corp (PSTB) completes acquisition of First Capital Bancorp Inc. (FCVA).
  • Lakeland Bancorp, Inc. (LBAI) completes acquisition of Pascack Bancorp, Inc. (PSBR).
Updated Deals:

  • American Securities & P2 Capital Partners receives early HSR termination in merger with Blount International Inc (BLT).

Merger Arbitrage Spreads Jan 11, 2016

The latest stock merger arbitrage spreads:

Sunday, January 3, 2016

The Risk Arbitrage Report for Jan 4, 2016


New Deals:
  • Pep Boys-Manny Moe and Jack (PBY) agrees to be acquired by Icahn Enterprises LP (IEP) and terminates deal with Bridgestone.
  • Management to acquire iDreamSky Technology Ltd (ADR) (DSKY).
Closed Deals:
  • Intel Corporation (INTC) completes acquisition of Altera Corporation (ALTR).
  • PKN ORLEN SA completes acquisition of FX Energy, Inc. (FXEN).
Updated Deals:

Merger Arbitrage Spreads Jan 4, 2016

The latest stock merger arbitrage spreads: