Sunday, June 18, 2017

The Risk Arbitrage Report for Jun 19, 2017


New Deals:
  • Amazon.com, Inc. (AMZN) to acquire Whole Foods Market, Inc. (WFM).
  • Donuts Inc to acquire Rightside Group Ltd (NAME).
  • Sientra Inc (SIEN) to acquire Miramar Labs Inc (MRLB).
  • Fiserv Inc (FISV) to acquire Monitise plc (MONI.L).
  • Equifax Inc. (EFX) to acquire ID Watchdog (IDWAF).
  • Carolina Financial Corp (CARO) to acquire First South Bancorp, Inc. (FSBK).
  • Horizon Bancorp (HBNC) to acquire WOLVERINE BANCORP, INC. (WBKC).
  • First Foundation Inc (FFWM) to acquire Community 1st Bancorp (CFBN).
Closed Deals:

  • Johnson & Johnson (JNJ) completes acquisition of Actelion Ltd [ADR] (ALIOY).
  • Reckitt Benckiser Group completes acquisition of Mead Johnson Nutrition (MJN).
  • ESW Capital completes acquisition of Jive Software Inc (JIVE).
  • Intrexon Corp (XON) completes acquisition of GenVec Inc (GNVC).
  • Marlin Equity Partners completes acquisition of Tangoe, Inc. (TNGO).
  • Savaria Corp (SIS.TO) completes acquisition of Span-America Medical Systems, (SPAN).
  • Midland States Bancorp Inc (MSBI) completes acquisition of Centrue Financial Corp (CFCB).
  • Pinnacle Financial Partners (PNFP) completes acquisition of BNC Bancorp (BNCN).

Merger Arbitrage Spreads Jun 19, 2017

The latest stock merger arbitrage spreads:

Sunday, June 11, 2017

The Risk Arbitrage Report for Jun 12, 2017

New Deals:
  • Open Text Corp (USA) (OTEX) to acquire Covisint Corp (COVS).
  • Digital Realty Trust, Inc. (DLR) to acquire DuPont Fabros Technology, Inc. (DFT).
  • The Carlyle Group and GTCR LLC to acquire Albany Molecular Research, Inc (AMRI).
  • GL Capital Management, Bank of China Group Investment, CDH Investments, Ascendent Capital Partners and Boying  to acquire SciClone Pharmaceuticals, Inc. (SCLN).
Closed Deals:

  • WestRock Co (WRK) completes acquisition of Multi Packaging Solutions (MPSX).
  • Tyson Foods, Inc. (TSN) completes acquisition of AdvancePierre Foods Holdings (APFH).
  • TIAA completes acquisition of EverBank Financial Corp (EVER).

Merger Arbitrage Spreads Jun 12, 2017

The latest stock merger arbitrage spreads:

Sunday, June 4, 2017

The Risk Arbitrage Report for Jun 5, 2017

New Deals:
  • First Data Corp (FDC) to acquire CardConnect Corp (CCN).
  • Praxair, Inc. (PX) to acquire Linde AG (LNEGY).
  • Vista Equity Partners to acquire Xactly Corp (XTLY).
  • ENSCO PLC (ESV) to acquire Atwood Oceanics, Inc. (ATW).
  • Icahn Enterprises LP (IEP) to acquire Precision Auto Care (PACI).
Closed Deals:

  • Sherwin-Williams Co (SHW) completes acquisition of Valspar Corp (VAL).
  • Tesoro Corporation (TSO) completes acquisition of Western Refining, Inc. (WNR).
  • B. Riley Financial Inc (RILY) completes acquisition of FBR & Co (FBRC).
  • Henderson Group plc (HGG.L) completes acquisition of Janus Capital Group Inc (JNS).
  • Home Point Financial Corp completes acquisition of Stonegate Mortgage Corp (SGM).
  • First Interstate Bancsystem In (FIBK) completes acquisition of Cascade Bancorp (CACB).

Merger Arbitrage Spreads Jun 5, 2017

The latest stock merger arbitrage spreads:

Monday, May 29, 2017

The Risk Arbitrage Report for May 29, 2017


New Deals:
  • Clariant (CLZNY) to acquire Huntsman Corporation (HUN).
  • CF Corp (CFCO) to acquire Fidelity & Guaranty Life (FGL).
  • HGGC, LLC to acquire Nutraceutical Int'l Corp. (NUTR).
  • Rayonier Advanced Materials In (RYAM) to acquire Tembec Inc (TMB.TO).
  • Expo Holdings II Ltd to acquire Global Sources Ltd. (Bermuda) (GSOL).
  • Union Bankshares Corp (UBSH) to acquire Xenith Bankshares Inc (XBKS).
  • Horizon Bancorp (HBNC) to acquire Lafayette Community Bancorp (LFYC).
Closed Deals:

  • Harland Clarke Holdings Corp completes acquisition of RetailMeNot Inc (SALE).
  • Veeco Instruments Inc. (VECO) completes acquisition of Ultratech, Inc. (UTEK).
  • Salem Five Bancorp completes acquisition of Georgetown Bancorp Inc (GTWN).

Merger Arbitrage Spreads May 29, 2017

The latest stock merger arbitrage spreads:

Monday, May 22, 2017

The Risk Arbitrage Report for May 22, 2017

New Deals:
  • Thermo Fisher Scientific Inc. (TMO) to acquire Patheon NV (PTHN).
  • Sandy Spring Bancorp Inc. (SASR) to acquire WashingtonFirst Bankshares Inc (WFBI).
  • Pixelworks, Inc. (PXLW) to acquire ViXS Systems Inc (TSE:VXS).
Closed Deals:

  • TDK Corp (ADR) (TTDKY) completes acquisition of InvenSense Inc (INVN).
  • Tecogen Inc (TGEN) completes acquisition of American DG Energy Inc (ADGE).
  • Management completes acquisition of Synutra International, Inc. (SYUT).

Merger Arbitrage Spreads May 22, 2017

The latest stock merger arbitrage spreads:

Sunday, May 14, 2017

The Risk Arbitrage Report for May 15, 2017

New Deals:
  • Straight Path Communications (STRP) agrees to be acquired by Verizon Communications Inc. (VZ) and terminates deal with AT&T Inc.  (T).
  • Apollo Global Management LLC (APO) to acquire West Corp (WSTC).
  • Coach Inc (COH) to acquire Kate Spade & Co (KATE).
  • Sinclair Broadcast Group Inc (SBGI) to acquire Tribune Media Co (TRCO).
  • Sabra Health Care REIT Inc (SBRA) to acquire Care Capital Properties Inc (CCP).
  • Norgine  to acquire Merus Labs International Inc (MSLI).
  • Clean Harbors Inc (CLH) to acquire Lonestar West  (LSI.V).
Busted Deals:
  • Anthem Inc (ANTM) terminates agreement with CIGNA Corporation (CI).
Closed Deals:

  • Boral Limited completes acquisition of Headwaters Inc (HW).
  • Tricon Capital Group completes acquisition of Silver Bay Realty Trust Corp (SBY).
  • MaxLinear, Inc. (MXL) completes acquisition of Exar Corporation (EXAR).
  • Ta Chen Stainless Pipe completes acquisition of Empire Resources Inc (ERS).
  • Community Bank System, Inc. (CBU) completes acquisition of Merchants Bancshares,Inc. (MBVT).

Merger Arbitrage Spreads May 15, 2017

The latest stock merger arbitrage spreads:

Sunday, May 7, 2017

The Risk Arbitrage Report for May 8, 2017


New Deals:
  • Intact Financial Corp (IFCZF) to acquire OneBeacon Insurance Group, Ltd (OB).
  • Avantor to acquire VWR Corp (VWR).
  • Pembina Pipeline Corp (PBA) to acquire Veresen Inc. (FCGYF).
  • Savaria Corp to acquire Span-America Medical Systems (SPAN).
  • First Horizon National Corp (FHN) to acquire Capital Bank Financial Corp (CBF).
  • Seacoast Commerce Banc Holdings (SCBH) to acquire Capital Bank (CBJC).
Closed Deals:

  • Eldorado Resorts Inc (ERI) completes acquisition of Isle of Capri Casinos (ISLE).
  • Sibanye Gold Ltd (ADR) (SBGL) completes acquisition of Stillwater Mining Company (SWC).
  • MainSource Financial Group Inc (MSFG) completes acquisition of FCB Bancorp, Inc (FCBE).
  • Nicolet Bankshares Inc (NCBS) completes acquisition of First Menasha Bancshares (FMBJ).
  • Glacier Bancorp, Inc. (GBCI) completes acquisition of TFB Bancorp (TBBN).

Merger Arbitrage Spreads May 8, 2017

The latest stock merger arbitrage spreads:

Sunday, April 30, 2017

The Risk Arbitrage Report for May 1, 2017


New Deals:
  • Tyson Foods, Inc. (TSN) to acquire AdvancePierre Foods Holdings (APFH).
  • Fresenius Kabi to acquire Akorn, Inc. (AKRX).
  • Bach Finance Limited  to acquire Nord Anglia Education Inc (NORD).
  • AMPLEXOR International to acquire Sajan, Inc. (SAJA).
  • RLJ Lodging Trust (RLJ) to acquire FelCor Lodging Trust Incorpora (FCH).
  • Marlin Equity Partners to acquire Tangoe, Inc. (TNGO).
  • TowneBank (TOWN) to acquire Paragon Commercial Corp (PBNC).
  • Sierra Bancorp (BSRR) to acquire OCB Bancorp (OJCB).
  • South State Corp (SSB) to acquire Park Sterling Corp (PSTB).
  • Central Valley Community Banco (CVCY) to acquire Folsom Lake Bank (FOLB).
Closed Deals:
  • Allergan plc (AGN) completes acquisition of Zeltiq Aesthetics Inc (ZLTQ).
  • LANXESS completes acquisition of Chemtura Corp (CHMT).
  • Sunoco Logistics Partners L.P. (SXL) completes acquisition of Energy Transfer Partners LP (ETP).
  • Enbridge Inc (USA) (ENB) completes acquisition of Midcoast Energy Partners LP (MEP).
  • Noble Energy, Inc. (NBL) completes acquisition of Clayton Williams Energy, Inc. (CWEI).
  • WellCare Health Plans, Inc. (WCG) completes acquisition of Universal American Corporation (UAM).
  • United Bankshares, Inc. (UBSI) completes acquisition of Cardinal Financial Corporation (CFNL).

Merger Arbitrage Spreads May 1, 2017

The latest stock merger arbitrage spreads:

Sunday, April 23, 2017

The Risk Arbitrage Report for Apr 24, 2017

New Deals:
  • Becton Dickinson and Co (BDX) to acquire C R Bard Inc (BCR).
  • Virtu Financial Inc (VIRT) to acquire KCG Holdings Inc (KCG).
  • AMETEK, Inc. (AME) to acquire MOCON, Inc. (MOCO).
  • Riverview Financial Corp (RIVE) to acquire CBT Financial Corp. (CBTC).
  • United Community Banks, Inc. (UCBI) to acquire HCSB Financial Corp (HCFB).
Busted Deals:
  • Anbang Insurance Group terminates agreement with Fidelity & Guaranty Life (FGL).
  • AltaPacific Bancorp (ABNK) terminates agreement with Commerce Bank of Temecula Valley (CKTM).
Closed Deals:
  • Hewlett Packard Enterprise Co (HPE) completes acquisition of Nimble Storage Inc (NMBL).
  • Danone SA (ADR) (DANOY) completes acquisition of WhiteWave Foods Co (WWAV).
  • Patterson-UTI Energy, Inc. (PTEN) completes acquisition of Seventy Seven Energy (SVNT).
  • American Securities LLC completes acquisition of Air Methods Corp (AIRM).
  • Keysight Technologies Inc (KEYS) completes acquisition of Ixia (XXIA).
Updated Deals:

  • Bass Pro Shop updates merger consideration in merger with Cabelas Inc (CAB).
  • Alipay increases offer for Moneygram International Inc (MGI).

Merger Arbitrage Spreads Apr 24, 2017

The latest stock merger arbitrage spreads:

Sunday, April 16, 2017

The Risk Arbitrage Report for Apr 17, 2017


New Deals:
  • AT&T Inc. (T) to acquire Straight Path Communications (STRP).
  • Starwood Capital Group to acquire Forestar Group Inc. (FOR).
  • Zoetis Inc (ZTS) to acquire Nexvet Biopharma plc (NVET).
  • Knight Transportation (KNX) to acquire Swift Transportation Co (SWFT).
  • Harland Clarke Holdings Corp to acquire RetailMeNot Inc (SALE).
  • Aspen Skiing Company and KSL Capital Partners to acquire Intrawest Resorts Holdings Inc (SNOW).
  • Century Communities Inc (CCS) to acquire UCP Inc (UCP).
  • Tahoe Group to acquire Alliance HealthCare Services, (AIQ).
  • Washington Federal Inc. (WAFD) to acquire Anchor Bancorp (ANCB).
  • Sussex Bancorp (SBBX) to acquire Community Bank of Bergen County (CMTB).
  • Sino IC Capital to acquire Xcerra Corp (XCRA).
Closed Deals:

  • Rockwell Collins, Inc. (COL) completes acquisition of B/E Aerospace Inc (BEAV).
  • Komatsu Ltd completes acquisition of Joy Global Inc. (JOY).
  • Integrated Device Technology (IDTI) completes acquisition of GigPeak Inc (GIG).
  • Linkedsee Limited completes acquisition of KongZhong Corporation (ADR) (KZ).

Merger Arbitrage Spreads Apr 17, 2017

The latest stock merger arbitrage spreads:

Sunday, April 9, 2017

The Risk Arbitrage Report for Apr 10, 2017


New Deals:
  • JAB to acquire Panera Bread Co (PNRA).
  • Liberty Ventures (LVNTA) to acquire General Communication, Inc. (GNCMA).
  • Apax Partners to acquire Syneron Medical Ltd. (ELOS).
  • Gurnet Point L.P to acquire Innocoll Holdings PLC (INNL).
  • New Mountain Partners to acquire TRC Companies, Inc. (TRR).
  • PacWest Bancorp (PACW) to acquire CU Bancorp (CUNB).
  • Management to acquire Zhaopin Ltd (ADR) (ZPIN).
Busted Deals:
  • United Roosevelt Savings Bank terminates agreement with Wawel Bank (WAWL).
Closed Deals:

  • Gartner Inc (IT) completes acquisition of CEB Inc (CEB).
  • SOMPO Holdings completes acquisition of Endurance Specialty Holdings L (ENH).
  • Deluxe Corporation (DLX) completes acquisition of RDM Corp (RDMKF).
  • American Axle & Manufact. Hold (AXL) completes acquisition of Metaldyne Performance Group In (MPG).
  • Pacific Premier Bancorp, Inc. (PPBI) completes acquisition of Heritage Oaks Bancorp (HEOP).
  • Access National Corporation (ANCX) completes acquisition of Middleburg Financial Corp. (MBRG).
  • Summit Financial Group, Inc. (SMMF) completes acquisition of First Century Bankshares (FCBS).
  • People's United Financial, Inc (PBCT) completes acquisition of Suffolk Bancorp (SCNB).
  • Standard Financial Corp. (STND) completes acquisition of Allegheny Valley Bancorp (AVLY).
  • First Commonwealth Financial (FCF) completes acquisition of DCB Financial Corp (DCBF).

Merger Arbitrage Spreads Apr 10, 2017

The latest stock merger arbitrage spreads:

Sunday, April 2, 2017

The Risk Arbitrage Report for Apr 3, 2017


New Deals:
  • MaxLinear, Inc. (MXL) to acquire Exar Corporation (EXAR).
  • Hytera Communications Co., Ltd. to acquire Norsat International Inc (USA) (NSAT).
  • Goldcorp Inc. (USA) (GG) to acquire Exeter Resource Corp (XRA).
  • Ta Chen Stainless Pipe to acquire Empire Resources Inc (ERS).
  • Home Bancshares Inc (HOMB) to acquire Stonegate Bank (SGBK).
  • Mid Penn Bancorp, Inc. (MPB) to acquire The Scottdale Bank & Trust Company (SDLJ).
  • First Bank (FRBA) to acquire Bucks County Bank (BKCS).
Closed Deals:
  • Siemens AG (ADR) (SIEGY) completes acquisition of Mentor Graphics Corp (MENT).
  • Restaurant Brands International Inc (QSR) completes acquisition of Popeyes Louisiana Kitchen Inc (PLKI).
  • UnitedHealth Group Inc (UNH) completes acquisition of Surgical Care Affiliates Inc (SCAI).
  • Teledyne Technologies Incorpor (TDY) completes acquisition of e2v technologies plc [Currency in GBX] (E2V.L).
To Read:

Merger Arbitrage Spreads Apr 3, 2017

The latest stock merger arbitrage spreads:

Sunday, March 26, 2017

The Risk Arbitrage Report for Mar 27, 2017


New Deals:
  • Northwest Bancorp Inc (NBCT) to acquire CenterPointe Community Bank (CENP).
Closed Deals:

  • Cintas Corporation (CTAS) completes acquisition of G&K Services Inc (GK).
  • Hologic, Inc. (HOLX) completes acquisition of Cynosure, Inc. (CYNO).
  • Fortune Solar Holdings & Red Viburnum Company completes acquisition of Trina Solar Limited (ADR) (TSL).
  • Carolina Financial Corp (CARO) completes acquisition of Greer Bancshares Inc (GRBS).

Merger Arbitrage Spreads Mar 27, 2017

The latest stock merger arbitrage spreads:

Sunday, March 19, 2017

The Risk Arbitrage Report for Mar 20, 2017


New Deals:
  • Intel Corporation (INTC) to acquire Mobileye NV (MBLY).
  • Hewlett Packard Enterprise Co (HPE) to acquire Nimble Storage Inc (NMBL).
  • Vista Equity Partners to acquire DH Corporation (DH.TO).
  • American Securities LLC to acquire Air Methods Corp (AIRM).
  • Brookfield Asset Management (BAM) to acquire TerraForm Global Inc (GLBL).
  • Sterling Bancorp (STL) to acquire Astoria Financial Corp (AF).
  • Citizens Community Bancorp Inc (CZWI) to acquire Wells Financial Corp. (WEFP).
Closed Deals:

  • Analog Devices, Inc. (ADI) completes acquisition of Linear Technology Corporation (LLTC).
  • Windstream Holdings Inc (WIN) completes acquisition of Earthlink Holdings Corp (ELNK).
  • Textron Inc. (TXT) completes acquisition of Arctic Cat Inc (ACAT).
  • CBOE Holdings, Inc (CBOE) completes acquisition of Bats Global Markets Inc (BATS).
  • Samsung Electronics (KRX:005930) completes acquisition of Harman International Industries (HAR).
  • Parker-Hannifin Corp (PH) completes acquisition of CLARCOR Inc. (CLC).
  • Regency Centers Corp (REG) completes acquisition of Equity One, Inc. (EQY).
  • Enbridge Inc [USA] (ENB) completes acquisition of Spectra Energy Corp. (SE).
  • American Midstream Partners LP (AMID) completes acquisition of JP Energy Partners LP (JPEP).
  • H.I.G. Capital, LLC completes acquisition of Lionbridge Technologies, Inc. (LIOX).
  • Eli Lilly and Co (LLY) completes acquisition of CoLucid Pharmaceuticals Inc (CLCD).
  • Takara Bio Inc completes acquisition of WaferGen Bio-systems, Inc. (WGBS).
  • CVB Financial Corp. (CVBF) completes acquisition of Valley Commerce Bancorp (VCBP).
  • First Defiance Financial (FDEF) completes acquisition of Commercial Bancshares, Inc. (CMOH).
  • F.N.B. Corp (FNB) completes acquisition of Yadkin Financial Corp (YDKN).
  • First Bancorp (FBNC) completes acquisition of Carolina Bank Holding  Inc. (N (CLBH).
  • Heartland Financial USA Inc (HTLF) completes acquisition of Founders Bancorp (FBCP).
  • Insiders complete acquisition of Qunar Cayman Islands Ltd (QUNR).

Merger Arbitrage Spreads Mar 20, 2017

The latest stock merger arbitrage spreads:

Monday, February 27, 2017

The Risk Arbitrage Report for Feb 27, 2017

New Deals:
  • Restaurant Brands International Inc (QSR) to acquire Popeyes Louisiana Kitchen Inc (PLKI).
  • Peoples Natural Gas to acquire Delta Natural Gas Company, Inc (DGAS).
  • B. Riley Financial Inc (RILY) to acquire FBR & Co (FBRC).
  • EQT Infrastructure to acquire Lumos Networks Corp (LMOS).
  • MacDonald, Dettwiler and Associates Ltd. (MDA.TO) to acquire DigitalGlobe Inc (DGI).
  • Management to acquire Halogen Software Inc (HGN.TO).
Closed Deals:
  • Exxon Mobil Corporation (XOM) completes acquisition of InterOil Corporation (USA) (IOC).
  • Renesas Electronics Corp completes acquisition of Intersil Corp (ISIL).
  • Management completes acquisition of Calamos Asset Management, Inc (CLMS).
  • Integra Lifesciences Holdings (IART) completes acquisition of Derma Sciences Inc (DSCI).
  • Management completes acquisition of Jaclyn, Inc (JCLY).
To Read: