Sunday, October 8, 2017

The Risk Arbitrage Report for Oct 9, 2017

New Deals:
  • Cooke Inc to acquire Omega Protein Corporation (OME).
  • METRO INC (MRU.TO) to acquire The Jean Coutu Group (PJC.A.TO).
  • Dimension Therapeutics Inc (DMTX) agrees to be acquired by Ultragenyx Pharmaceutical Inc (RARE) and terminates deal with Regenxbio Inc  (RGNX).
  • Icynene U.S. Holding Corp.  to acquire LaPolla Industries, Inc. (LPAD).
  • Project Diamond Intermediate Holdings Corp to acquire Onvia, Inc. (ONVI).
Closed Deals:
  • D.R. Horton, Inc. (DHI) completes acquisition of Forestar Group Inc. [partial] (FOR).
  • Gilead Sciences, Inc. (GILD) completes acquisition of Kite Pharma Inc (KITE).
  • Abbott Laboratories (ABT) completes acquisition of Alere Inc (ALR).
  • Caesars Entertainment Corp (CZR) completes acquisition of Caesars Acquisition Company (CACQ).
  • United Rentals, Inc. (URI) completes acquisition of Neff Corp (NEFF).
  • MacDonald, Dettwiler and Associates Ltd. (MDDWF) completes acquisition of DigitalGlobe Inc (DGI).
  • ENSCO PLC (ESV) completes acquisition of Atwood Oceanics, Inc. (ATW).
  • Pembina Pipeline Corp (PBA) completes acquisition of Veresen Inc. (FCGYF).
  • Riverview Financial Corp (RIVE) completes acquisition of CBT Financial Corp. (CBTC).
  • First Bancorp (FBNC) completes acquisition of ASB Bancorp Inc (ASBB).
  • Government Properties Income Trust (GOV) completes acquisition of First Potomac Realty Trust (FPO).
  • Central Valley Community Banco (CVCY) completes acquisition of Folsom Lake Bank (FOLB).
  • Sterling Bancorp (STL) completes acquisition of Astoria Financial Corp (AF).
  • Sierra Bancorp (BSRR) completes acquisition of OCB Bancorp (OJCB).
  • Seacoast Commerce Banc Holdings (SCBH) completes acquisition of Capital Bank (CBJC).
To Read:

Merger Arbitrage Spreads Oct 9, 2017

The latest stock merger arbitrage spreads:

Sunday, October 1, 2017

The Risk Arbitrage Report for Oct 2, 2017

New Deals:
  • Dassault Systèmes (DSY.PA) to acquire Exa Corp (EXA).
  • Polaris Materials Corp (PLS.TO) agrees to be acquired by US Concrete Inc (USCR) and terminates deal with Vulcan Materials Company  (VMC).
  • Old Line Bancshares, Inc. (MD) (OLBK) to acquire Bay Bancorp Inc (BYBK).
Closed Deals:
  • Bass Pro Shop completes acquisition of Cabelas Inc (CAB).
  • BorgWarner Inc. (BWA) completes acquisition of Sevcon Inc (SEV).
  • Mitel Networks Corp (MITL) completes acquisition of ShoreTel Inc (SHOR).
  • Wabash National Corporation (WNC) completes acquisition of Supreme Industries, Inc. (STS).
  • Intact Financial Corp (IFCZF) completes acquisition of OneBeacon Insurance Group, Ltd (OB).
  • Pamplona Capital Management completes acquisition of PAREXEL International Corporat (PRXL).
  • Bearing Resources Ltd (BRGRF) completes acquisition of Li3 Energy Inc (LIEG).
  • Home Bancshares Inc (HOMB) completes acquisition of Stonegate Bank (SGBK).
  • Bank McKenney (VA) (BOMK) completes acquisition of CCB Bankshares (CZYB).
  • Management completes acquisition of Zhaopin Ltd (ADR) (ZPIN).

Merger Arbitrage Spreads Oct 2, 2017

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Saturday, September 23, 2017

The Risk Arbitrage Report for Sep 25, 2017

New Deals:
  • Post Holdings Inc (POST) to acquire Bob Evans Farms Inc (BOBE).
  • Northrop Grumman Corporation (NOC) to acquire Orbital ATK Inc (OA).
  • Kuraray Co., Ltd to acquire Calgon Carbon Corporation (CCC).
  • Itron, Inc. (ITRI) to acquire Silver Spring Networks Inc (SSNI).
  • Scientific Games Corp (SGMS) to acquire NYX Gaming Group Limited (NXXYF).
  • CRH plc to acquire Ash Grove Cement Co (ASHG).
Closed Deals:
  • Apollo Global Management LLC (APO) completes acquisition of ClubCorp Holdings Inc (MYCC).
  • Arsenal Capital Partners completes acquisition of Cyalume Technologies Holdings, (CYLU).
  • Peoples Natural Gas completes acquisition of Delta Natural Gas Company, Inc (DGAS).
  • Greystar Growth and Income Fund completes acquisition of Monogram Residential Trust Inc (MORE).
  • First Bank (FRBA) completes acquisition of Bucks County Bank (BKCS).

Merger Arbitrage Spreads Sep 25, 2017

The latest stock merger arbitrage spreads:

Sunday, September 17, 2017

The Risk Arbitrage Report for Sep 18, 2017


New Deals:
  • Alamos Gold (AGI) to acquire Richmont Mines Inc. (USA) (RIC).
  • LiveXLive Media, Inc (LIVX) to acquire Snap Interactive Inc (STVI).
Busted Deals:
  • Canyon Bridge Capital Partners terminates agreement with Lattice Semiconductor Corp (LSCC).
Closed Deals:
  • Sycamore Partners completes acquisition of Staples, Inc. (SPLS).
  • Open Text Corp (USA) (OTEX) completes acquisition of Guidance Software, Inc. (GUID).
  • KKR completes acquisition of WebMD Health Corp. (WBMD).
  • Sizmek Inc completes acquisition of Rocket Fuel Inc (FUEL).
  • Mars, Inc completes acquisition of VCA Inc (WOOF).
  • AE Industrial Partners completes acquisition of CDI Corp. (CDI).
  • Monomoy Capital Partners completes acquisition of West Marine, Inc. (WMAR).
  • Digital Realty Trust, Inc. (DLR) completes acquisition of DuPont Fabros Technology, Inc. (DFT).
  • VTTI B.V. completes acquisition of VTTI Energy Partners LP (VTTI).

Merger Arbitrage Spreads Sep 18, 2017

The latest stock merger arbitrage spreads:

Sunday, September 10, 2017

The Risk Arbitrage Report for Sep 11, 2017


New Deals:
  • United Technologies Corporatio (UTX) to acquire Rockwell Collins, Inc. (COL).
  • RhythmOne plc (RTHM.L) to acquire YuMe Inc (YUME).
  • Fortive Corp (FTV) to acquire Landauer Inc (LDR).
Closed Deals:

  • Knight Transportation (KNX) completes acquisition of Swift Transportation Co (SWFT).
  • Bach Finance Limited completes acquisition of Nord Anglia Education Inc (NORD).

Merger Arbitrage Spreads Sep 11, 2017

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Sunday, September 3, 2017

The Risk Arbitrage Report for Sep 4, 2017


New Deals:
  • Littelfuse, Inc. (LFUS) to acquire IXYS Corporation (IXYS).
  • Vulcan Materials Company (VMC) to acquire Polaris Materials Corp (PLS.TO).
  • Optum & Vista Equity Partners to acquire The Advisory Board Company (ABCO).
  • Warburg Pincus to acquire Arc Logistics Partners LP (ARCX).
  • Harland Clarke Holdings to acquire MaxPoint Interactive Inc (MXPT).
  • Gilead Sciences, Inc. (GILD) to acquire Kite Pharma Inc (KITE).
Closed Deals:
  • Amazon.com, Inc. (AMZN) completes acquisition of Whole Foods Market, Inc. (WFM).
  • Dow Chemical Co (DOW) completes acquisition of DuPont (DD).
  • Thermo Fisher Scientific Inc. (TMO) completes acquisition of Patheon NV (PTHN).
  • True Wind Capital Management completes acquisition of ARI Network Services, Inc. (ARIS).
  • Fiserv Inc (FISV) completes acquisition of Monitise plc [$=GBX] (MONI.L).
  • Expo Holdings II Ltd completes acquisition of Global Sources Ltd. (Bermuda) (GSOL).
  • The Carlyle Group and GTCR LLC completes acquisition of Albany Molecular Research, Inc (AMRI).
  • Stryker Corporation (SYK) completes acquisition of NOVADAQ Technologies (NVDQ).
  • RLJ Lodging Trust (RLJ) completes acquisition of FelCor Lodging Trust (FCH).
  • Horizon Bancorp (HBNC) completes acquisition of Lafayette Community Bancorp (LFYC).
  • West Town Bancorp (WTWB) completes acquisition of Sound Banking Company (SNBN).

Merger Arbitrage Spreads Sep 4, 2017

The latest stock merger arbitrage spreads:

Sunday, August 27, 2017

The Risk Arbitrage Report for Aug 28, 2017


New Deals:
  • Regenxbio Inc (RGNX) to acquire Dimension Therapeutics Inc (DMTX).
  • Arvest Bank to acquire Bear State Financial Inc (BSF).
  • National Commerce Corp (NCOM) to acquire FirstAtlantic Financial Holdings (FFHD).
Closed Deals:
  • HGGC, LLC completes acquisition of Nutraceutical Int'l Corp. (NUTR).
  • Tahoe Group completes acquisition of Alliance HealthCare Services, (AIQ).

Merger Arbitrage Spreads Aug 28, 2017

The latest stock merger arbitrage spreads:

Sunday, August 20, 2017

The Risk Arbitrage Report for Aug 21, 2017


New Deals:
  • Energy Capital Partners to acquire Calpine Corporation (CPN).
  • Nabors Industries Ltd. (NBR) to acquire Tesco Corporation (USA) (TESO).
  • Neff Corp (NEFF) agrees to be acquired by United Rentals, Inc. (URI) and terminates deal with H&E Equipment Services, Inc.  (HEES).
  • Andeavor Logistics LP (ANDX) to acquire Western Refining Logistics LP (WNRL).
  • CenterState Banks Inc (CSFL) to acquire Sunshine Bancorp Inc (SBCP).
Closed Deals:
  • Sabra Health Care REIT Inc (SBRA) completes acquisition of Care Capital Properties Inc (CCP).
  • H.I.G. Capital, LLC completes acquisition of NCI Inc (NCIT).
  • ADVA Optical Networking (ADVOF) completes acquisition of MRV Communications, Inc. (MRVC).
  • Steel Partners Ltd completes acquisition of Ore Holdings Inc (ORXE).
  • Citizens Community Bancorp Inc (CZWI) completes acquisition of Wells Financial Corp. (WEFP).
  • HCBF Holding Company completes acquisition of Jefferson Bankshares (JFBF).

Merger Arbitrage Spreads Aug 21, 2017

The latest stock merger arbitrage spreads:

Sunday, August 13, 2017

The Risk Arbitrage Report for Aug 14, 2017

New Deals:
  • Wabash National Corp (WNC) to acquire Supreme Industries, Inc. (STS).
  • Fresenius Medical Care (FMS) to acquire NxStage Medical, Inc. (NXTM).
  • Invitation Homes Inc (INVH) to acquire Colony Starwood Homes (SFR).
  • Arsenal Capital Partners to acquire Cyalume Technologies Holdings, (CYLU).
  • Pacific Premier Bancorp, Inc. (PPBI) to acquire Plaza Bancorp (PLZZ).
Closed Deals:
  • Golden Gate Capital completes acquisition of Neustar Inc (NSR).
  • Equifax Inc. (EFX) completes acquisition of ID Watchdog (IDWAF).
  • Enel Group completes acquisition of EnerNOC, Inc. (ENOC).
  • Koninklijke Philips NV (ADR) (PHG) completes acquisition of Spectranetics Corp (SPNC).

Merger Arbitrage Spreads Aug 14, 2017

The latest stock merger arbitrage spreads:

Sunday, August 6, 2017

The Risk Arbitrage Report for Aug 7, 2017

New Deals:
  • Discovery Communications Inc. (DISCA) to acquire Scripps Networks Interactive, (SNI).
  • AE Industrial Partners to acquire CDI Corp. (CDI).
  • InVitae Corp (NVTA) to acquire CombiMatrix Corp (CBMX).
  • Sierra Wireless, Inc. (USA) (SWIR) to acquire Numerex Corp. (NMRX).
  • Providence Bank to acquire CB Financial Corp (CBFA).
  • Bank of Marin Bancorp (BMRC) to acquire Bank of Napa (BNNP).
  • County First Bank (TCFC) to acquire County First Bank (CUMD).
  • Patriot National Bancorp (PNBK) to acquire Prime Bank (PMHV).
Closed Deals:
  • Vista Equity Partners completes acquisition of Xactly Corp (XTLY).
  • Aspen Skiing Company and KSL Capital Partners completes acquisition of Intrawest Resorts Holdings Inc (SNOW).
  • Zoetis Inc (ZTS) completes acquisition of Nexvet Biopharma plc (NVET).
  • Pixelworks, Inc. (PXLW) completes acquisition of ViXS Systems Inc (VXS.TO).
  • First Reserve completes acquisition of Gas Natural Inc (EGAS).
  • Century Communities Inc (CCS) completes acquisition of UCP Inc (UCP).
  • Goldcorp Inc. (USA) (GG) completes acquisition of Exeter Resource Corp (XRA).
  • United Community Banks, Inc. (UCBI) completes acquisition of HCSB Financial Corp (HCFB).

Merger Arbitrage Spreads Aug 7, 2017

The latest stock merger arbitrage spreads:

Sunday, July 30, 2017

The Risk Arbitrage Report for Jul 31, 2017

New Deals:
  • KKR to acquire WebMD Health Corp. (WBMD).
  • Markel Corporation (MKL) to acquire State National Companies Inc (SNC).
  • Mitel Networks Corp (MITL) to acquire ShoreTel Inc (SHOR).
  • Open Text Corp (USA) (OTEX) to acquire Guidance Software, Inc. (GUID).
  • First Financial Bancorp (FFBC) to acquire MainSource Financial Group Inc (MSFG).
  • Mitsubishi Tanabe Pharma Corp to acquire Neuroderm Ltd (NDRM).
  • Valley National Bancorp (VLY) to acquire USAmeriBancorp, Inc. (USAB).
  • Heritage Financial Corp (HFWA) to acquire Puget Sound Bancorp (PUGB).
Busted Deals:
  • Orchestra Prémaman SA (KAZI.PA) terminates agreement with Destination Maternity Corp (DEST).
Closed Deals:
  • British American Tobacco PLC (BTI) completes acquisition of Reynolds American, Inc. (RAI).
  • Icahn Enterprises LP (IEP) completes acquisition of Precision Auto Care (PACI).
  • Open Text Corp (USA) (OTEX) completes acquisition of Covisint Corp (COVS).
  • Donuts Inc completes acquisition of Rightside Group Ltd (NAME).
  • Sientra Inc (SIEN) completes acquisition of Miramar Labs Inc (MRLB).
  • Gurnet Point L.P completes acquisition of Innocoll Holdings PLC (INNL).

Merger Arbitrage Spreads Jul 31, 2017

The latest stock merger arbitrage spreads:

Sunday, July 23, 2017

The Risk Arbitrage Report for Jul 24, 2017


New Deals:
  • BorgWarner (BWA) to acquire Sevcon Inc (SEV).
  • Sizmek Inc to acquire Rocket Fuel Inc (FUEL).
  • Hydro One (H.TO) to acquire Avista Corp (AVA).
  • The Washington Companies to acquire Dominion Diamond Corp (DDC).
  • Associated Banc Corp (ASB) to acquire Bank Mutual Corporation (BKMU).
  • Delmar Bancorp (DBCP) to acquire Liberty Bell Bank (NJ) (LBBB).
  • Select Bancorp Inc (SLCT) to acquire Premara Financial (PARA).
Closed Deals:
  • JAB completes acquisition of Panera Bread Co (PNRA).
  • Paypal Holdings Inc (PYPL) completes acquisition of TIO Networks Corp (TNCGF).
  • Apax Partners completes acquisition of Syneron Medical Ltd. (ELOS).
  • Hytera Communications Co., Ltd. completes acquisition of Norsat International Inc (USA) (NSAT).
  • Virtu Financial Inc (VIRT) completes acquisition of KCG Holdings Inc (KCG).
  • First Merchants Corporation (FRME) completes acquisition of Independent Alliance Banks (IALB).
  • Clean Harbors Inc (CLH) completes acquisition of Lonestar West  [$ in CDN] (LSI.V).
  • Norgine  completes acquisition of Merus Labs International Inc (MSLI).
  • AMPLEXOR International completes acquisition of Sajan, Inc. (SAJA).
  • Northwest Bancorp Inc (NBCT) completes acquisition of CenterPointe Community Bank (CENP).

Merger Arbitrage Spreads Jul 24, 2017

The latest stock merger arbitrage spreads:

Sunday, July 16, 2017

The Risk Arbitrage Report for Jul 17, 2017

New Deals:
  • Cincinnati Bell Inc. (CBB) to acquire Hawaiian Telcom HoldCo Inc (HCOM).
  • H&E Equipment Services, Inc. (HEES) to acquire Neff Corp (NEFF).
Closed Deals:
  • Coach Inc (COH) completes acquisition of Kate Spade & Co (KATE).
Updated Deals:

  • Great Plains Energy Inc (GXP) updates merger consideration in merger with Westar Energy Inc (WR).

Merger Arbitrage Spreads Jul 17, 2017

The latest stock merger arbitrage spreads:

Sunday, July 9, 2017

The Risk Arbitrage Report for Jul 10, 2017


New Deals:
  • Liberty Interactive QVC Group (QVCA) to acquire HSN, Inc. (HSNI).
  • Sycamore Partners to acquire Staples, Inc. (SPLS).
  • EQT Corporation (EQT) to acquire Rice Energy Inc (RICE).
  • H.I.G. Capital, LLC to acquire NCI Inc (NCIT).
  • Forestar Group Inc. (FOR) agrees to be acquired by D.R. Horton, Inc. (DHI) and terminates deal with Starwood Capital Group.
  • Stryker Corporation (SYK) to acquire NOVADAQ Technologies (NVDQ).
  • Steel Partners Holdings LP (SPLP.A) to acquire Handy & Harman Ltd (HNH).
  • Red Ventures to acquire Bankrate Inc (RATE).
  • Canada Pension Plan Investment Board to acquire Parkway Inc (PKY).
  • Greystar Growth and Income Fund to acquire Monogram Residential Trust Inc (MORE).
  • ADVA Optical Networking (ADVOF) to acquire MRV Communications, Inc. (MRVC).
  • Ultra Electronics Holdings plc (ULE.L) to acquire Sparton Corporation (SPA).
  • Koninklijke Philips NV (ADR) (PHG) to acquire Spectranetics Corp (SPNC).
  • Government Properties Income Trust (GOV) to acquire First Potomac Realty Trust (FPO).
  • Pamplona Capital Management to acquire PAREXEL International Corporat (PRXL).
  • Enel Group to acquire EnerNOC, Inc. (ENOC).
  • Steel Partners Ltd to acquire Ore Holdings Inc (ORXE).
  • True Wind Capital Management to acquire ARI Network Services, Inc. (ARIS).
  • Monomoy Capital Partners to acquire West Marine, Inc. (WMAR).
  • Management to acquire Sinovac Biotech Ltd. (SVA).
  • Bank McKenney (VA) (BOMK) to acquire CCB Bankshares (CZYB).
  • OceanFirst Financial Corp. (OCFC) to acquire Sun Bancorp, Inc. /NJ (SNBC).
  • BayCom Corp  (BCML) to acquire Plaza Bank (PZBW).
  • Meridian Bancorp Inc (EBSB) to acquire Meetinghouse Bancorp Inc (MTGB).
Busted Deals:
  • Walgreens Boots Alliance Inc (WBA) terminates agreement with Rite Aid Corporation (RAD).
Closed Deals:

  • First Data Corp (FDC) completes acquisition of CardConnect Corp (CCN).
  • Delek US Holdings, Inc. (DK) completes acquisition of Alon USA Energy, Inc. (ALJ).
  • Alimentation Couche-Tard Inc (ANCUF) completes acquisition of CST Brands Inc (CST).
  • ChemChina completes acquisition of Syngenta AG (ADR) (SYT).
  • Sonaca Group completes acquisition of LMI Aerospace, Inc. (LMIA).
  • AMETEK, Inc. (AME) completes acquisition of MOCON, Inc. (MOCO).
  • ONEOK, Inc. (OKE) completes acquisition of Oneok Partners LP (OKS).
  • Consolidated Communications Ho (CNSL) completes acquisition of FairPoint Communications Inc (FRP).
  • New Mountain Partners completes acquisition of TRC Companies, Inc. (TRR).
  • ACNB Corporation (ACNB) completes acquisition of New Windsor Bancorp (NWID).
  • First Busey Corporation (BUSE) completes acquisition of First Community Financial Partners (FCFP).
  • Southern National Banc. of Virginia (SONA) completes acquisition of Eastern Virginia Bankshares (EVBS).
  • Canadian Imperial Bank of Comm (CM) completes acquisition of PrivateBancorp Inc (PVTB).