Sunday, May 29, 2016

The Risk Arbitrage Report for May 30, 2016

New Deals:
  • Ares Capital Corporation (ARCC) to acquire American Capital Ltd. (ACAS).
  • Thermo Fisher Scientific Inc. (TMO) to acquire FEI Company (FEIC).
  • Arbor Pharmaceutical to acquire XenoPort, Inc. (XNPT).
  • Siris Capital Group to acquire Xura Inc (MESG).
  • C-III Capital Partners to acquire Resource America Inc (REXI).
  • Foxconn Technology Group to acquire SMART Technologies Inc (SMT).
  • MTY Food Group Inc (MTY.TO) to acquire Kahala Brands, Ltd (KAHL).
  • Hecla Mining Company (HL) to acquire Mines Management, Inc. (MGN).
Closed Deals:
  • Air Liquide (AI.PA) completes acquisition of Airgas, Inc. (ARG).
  • Brocade Communications Systems (BRCD) completes acquisition of Ruckus Wireless Inc (RKUS).
  • FedEx Corporation (FDX) completes acquisition of TNT Express N.V. (TNTEY).
  • Pacific Commerce Bancorp (PCBC) completes acquisition of ProAmérica Bank (PMRA).
  • MainSource Financial Group Inc (MSFG) completes acquisition of Cheviot Financial Corp. (CHEV).
Updated Deals:

Merger Arbitrage Spreads May 30, 2016

The latest stock merger arbitrage spreads:

Sunday, May 22, 2016

The Risk Arbitrage Report for May 23, 2016

New Deals:
  • Pfizer Inc. (PFE) to acquire Anacor Pharmaceuticals Inc (ANAC).
  • Nice-Systems Ltd (ADR) (NICE) to acquire Incontact Inc (SAAS).
  • FMC Technologies, Inc. (FTI) to merge with Technip (ADR) (TKPPY).
  • Oil Search Limited (OISHY) to acquire InterOil Corporation (USA) (IOC).
  • Range Resources Corp. (RRC) to acquire Memorial Resource Development (MRD).
  • Luminex Corporation (LMNX) to acquire Nanosphere, Inc. (NSPH).
Busted Deals:
  • Konecranes Plc (KCR1V.HE) terminates agreement with Terex Corporation (TEX).
Closed Deals:
  • Charter Communications, Inc. (CHTR) completes acquisition of Time Warner Cable Inc (TWC).
  • Lowe's Companies, Inc. (LOW) completes acquisition of RONA inc. (RONAF).
  • Great Western Bancorp Inc (GWB) completes acquisition of HF Financial Corp. (HFFC).
Updated Deals:
  • Alaska Air Group, Inc. (ALK) received a second request for information under HSR in merger with Virgin America Inc (VA).
  • ProAmérica Bank (PMRA) shareholders approve acquisition by Pacific Commerce Bancorp (PCBC).
  • Mitel (MITL) receives early HSR termination in merger with Polycom Inc (PLCM).
  • TransCanada Corporation (USA) (TRP) receives early HSR termination in merger with Columbia Pipeline Group Inc (CPGX).

Merger Arbitrage Spreads May 23, 2016

The latest stock merger arbitrage spreads:

Sunday, May 15, 2016

The Risk Arbitrage Report for May 16, 2016

New Deals:
  • JAB Holding Company to acquire Krispy Kreme Doughnuts (KKD).
  • Grupo Ferrer Internacional to acquire Alexza Pharmaceuticals, Inc. (ALXA).
  • Takara Bio Inc to acquire WaferGen Bio-systems, Inc. (WGBS).
Busted Deals:
  • Staples, Inc. (SPLS) terminates agreement with Office Depot Inc (ODP).
Closed Deals:
  • Western Digital Corp (WDC) completes acquisition of SanDisk Corporation (SNDK).
  • SciVac Therapeutics Inc (SVACF) completes acquisition of VBI Vaccines Inc (VBIV).
  • Southern Co (SO) completes acquisition of PowerSecure International, Inc (POWR).
  • CCL Industries Inc completes acquisition of Checkpoint Systems, Inc. (CKP).
  • BioTelemetry Inc (BEAT) completes acquisition of VirtualScopics Inc (VSCP).
  • Shenandoah Telecommunications (SHEN) completes acquisition of NTELOS Holdings Corp (NTLS).
  • Baihe Network Co completes acquisition of International Ltd (DATE).
Updated Deals:
  • Questar Corporation (STR) shareholders approve acquisition by Dominion Resources, Inc. (D).

Merger Arbitrage Spreads May 16, 2016

The latest stock merger arbitrage spreads:

Sunday, May 8, 2016

The Risk Arbitrage Report for May 9, 2016

New Deals:
  • Abbott Laboratories (ABT) to acquire St. Jude Medical, Inc. (STJ).
  • Comcast Corporation (CMCSA) to acquire Dreamworks Animation Skg Inc (DWA).
  • First Cash Financial Services (FCFS) to acquire Cash America International Inc (CSH).
  • Leonard Green & Partners to acquire Examworks Group, Inc. (EXAM).
  • Oracle Corporation (ORCL) to acquire Opower Inc (OPWR).
  • Rovi Corporation (ROVI) to acquire TiVo Inc. (TIVO).
  • Quintiles Transnational Holdings (Q) to acquire IMS Health Holdings Inc (IMS).
  • Oracle Corporation (ORCL) to acquire Textura Corp (TXTR).
  • BCE Inc. (USA) (BCE) to acquire Manitoba Telecom Services (MBT.TO).
  • B. Riley Financial Inc (RILY) to acquire United Online, Inc. (UNTD).
  • RoundTable Healthcare Partners to acquire Symmetry Surgical Inc (SSRG).
  • First Mid-Illinois Bancshares, (FMBH) to acquire First Clover Leaf Financial Co (FCLF).
  • Cousins Properties Inc (CUZ) to acquire Parkway Properties Inc (PKY).
  • Lizton Financial Corp to acquire Indiana Business Bancorp (IBBI).
  • Mechanics Bank to acquire California Republic Bancorp (CRPB).
  • Central Valley Community Banco (CVCY) to acquire Sierra Vista Bank (SVBA).
  • WesBanco Inc (WSBC) to acquire Your Community Bankshares Inc (YCB).
  • Pacific Continental Corporatio (PCBK) to acquire Foundation Bancorp, Inc. (FDNB).
  • Cascade Bancorp (CACB) to acquire Prime Pacific Financial Services (PPFS).
  • Bar Harbor Bankshares (BHB) to acquire Lake Sunapee Bank Group (LSBG).
  • Fortress Biotech Inc (FBIO) to acquire National Holdings Corporation (NHLD).
Busted Deals:
  • Halliburton Company (HAL) terminates agreement with Baker Hughes Incorporated (BHI).
Closed Deals:
  • Apollo Global Management LLC (APO) completes acquisition of ADT Corp (ADT).
  • MKS Instruments, Inc. (MKSI) completes acquisition of Newport Corp (NEWP).
  • Global Payments Inc (GPN) completes acquisition of Heartland Payment Systems, Inc (HPY).
  • Hallmark Cards completes acquisition of Crown Media Holdings, Inc (CRWN).
  • OceanFirst Financial Corp. (OCFC) completes acquisition of Cape Bancorp, Inc. (CBNJ).
  • First Busey Corporation (BUSE) completes acquisition of Pulaski Financial Corp (PULB).
  • Emclaire Financial Corp (EMCF) completes acquisition of United-American Savings Bank (UASB).
  • Old National Bancorp (ONB) completes acquisition of Anchor Bancorp Wisconsin Inc (ABCW).
  • Nicolet Bankshares Inc (NCBS) completes acquisition of Baylake Corporation (BYLK).
  • Royal Financial (RYFL) completes acquisition of Park Bancorp (PFED).
Updated Deals:

Merger Arbitrage Spreads May 9, 2016

The latest stock merger arbitrage spreads: