Sunday, December 10, 2017

The Risk Arbitrage Report for Dec 11, 2017


New Deals:
  • CVS Health Corp (CVS) to acquire Aetna Inc (AET).
  • Silicon Laboratories (SLAB) to acquire Sigma Designs Inc (SIGM).
  • Stryker Corporation (SYK) to acquire Entellus Medical Inc (ENTL).
  • Prysmian Group (PRYMY) to acquire General Cable Corporation (BGC).
  • First Bancshares Inc (FBMS) to acquire Sunshine Financial Inc (SSNF).
Closed Deals:
  • KKR, with Walgreens Boots Alliance, Inc completes acquisition of PharMerica Corporation (PMC).
  • Sierra Wireless, Inc. (USA) (SWIR) completes acquisition of Numerex Corp. (NMRX).
  • Italmatch Chemicals Group completes acquisition of Detrex Corporation (DTRX).

Merger Arbitrage Spreads Dec 11, 2017

The latest stock merger arbitrage spreads:

Sunday, December 3, 2017

The Risk Arbitrage Report for Dec 4, 2017


New Deals:
  • Meredith Corporation (MDP) to acquire Time Inc (TIME).
  • Arby’s Restaurant Group to acquire Buffalo Wild Wings (BWLD).
  • Marlin Equity Partners to acquire Bazaarvoice Inc (BV).
  • Altus Capital Partners to acquire MGC Diagnostics Corp (MGCD).
  • Thoma Bravo to acquire Barracuda Networks Inc (CUDA).
Closed Deals:
  • CF Corp (CFCO) completes acquisition of Fidelity & Guaranty Life (FGL).
  • South State Corp (SSB) completes acquisition of Park Sterling Corp (PSTB).
  • First Horizon National Corp (FHN) completes acquisition of Capital Bank Financial Corp (CBF).
  • Icynene U.S. Holding Corp. completes acquisition of LaPolla Industries, Inc. (LPAD).

Merger Arbitrage Spreads Dec 4, 2017

The latest stock merger arbitrage spreads:

Sunday, November 26, 2017

The Risk Arbitrage Report for Nov 27, 2017


New Deals:
  • Marvell Technology Group Ltd. (MRVL) to acquire Cavium Inc (CAVM).
  • LHC Group, Inc. (LHCG) to acquire Almost Family Inc (AFAM).
Closed Deals:
  • Avantor completes acquisition of VWR Corp (VWR).
  • Rayonier Advanced Materials In (RYAM) completes acquisition of Tembec Inc [C$] (TMB.TO).
  • Alamos Gold (AGI) completes acquisition of Richmont Mines Inc. (USA) (RIC).
  • Project Diamond Intermediate Holdings Corp completes acquisition of Onvia, Inc. (ONVI).
  • Bank of Marin Bancorp (BMRC) completes acquisition of Bank of Napa (BNNP).

Merger Arbitrage Spreads Nov 27, 2017

The latest stock merger arbitrage spreads:

Saturday, November 18, 2017

The Risk Arbitrage Report for Nov 20, 2017


New Deals:
  • Vistra Energy Corp (VST) to acquire Dynegy Inc (DYN).
  • Lennar Corporation (LEN) to acquire CalAtlantic Group Inc (CAA).
  • Strayer Education Inc (STRA) to acquire Capella Education Company (CPLA).
  • Management to acquire JA Solar Holdings Co (JASO).
  • Mallinckrodt PLC (MNK) to acquire Ocera Therapeutics Inc (OCRX).
  • Novartis AG (ADR) (NVS) to acquire Advanced Accelerator Applications (AAAP).
  • Delek US Holdings Inc (DK) to acquire Alon USA Partners LP (ALDW).
  • American Midstream Partners LP (AMID) to acquire Southcross Energy Partners LP (SXE).
  • SandRidge Energy Inc. (SD) to acquire Bonanza Creek Energy Inc (BCEI).
  • Frutarom (FRUTF) to acquire Enzymotec Ltd (ENZY).
  • B. Riley Financial Inc (RILY) to acquire magicJack VocalTec Ltd (CALL).
  • Management to acquire HNZ Group Inc. (HNZ.TO).
  • Italmatch Chemicals Group to acquire Detrex Corporation (DTRX).
  • Old Point Financial Corporatio (OPOF) to acquire Citizens National Bank (CNBV).
  • CB Financial Services Inc (CBFV) to acquire First West Virginia Bancorp (FWVB).
  • Spencer Savings Bank to acquire Wawel Bank (WAWL).
  • Kearny Financial Corp. (KRNY) to acquire Clifton Bancorp Inc (CSBK).
  • Ameris Bancorp (ABCB) to acquire Atlantic Coast Financial Corp (ACFC).
  • Suncrest Bank (SBKK) to acquire CBBC Bancorp (CBBC).
  • WesBanco Inc (WSBC) to acquire First Sentry Bancshares (FTSB).
Closed Deals:
  • Broadcom Ltd (AVGO) completes acquisition of Brocade Communications Systems (BRCD).
  • Markel Corporation (MKL) completes acquisition of State National Companies Inc (SNC).
  • Red Ventures completes acquisition of Bankrate, Inc (RATE).
  • Centurylink Inc (CTL) completes acquisition of Level 3 Communications (LVLT).
  • Optum & Vista Equity Partners completes acquisition of The Advisory Board Company (ABCO).
  • Michael Kors Holdings Ltd (KORS) completes acquisition of Jimmy Choo PLC (JYMHF).
  • EQT Corporation (EQT) completes acquisition of Rice Energy Inc (RICE).
  • EQT Infrastructure completes acquisition of Lumos Networks Corp (LMOS).
  • Andeavor Logistics LP (ANDX) completes acquisition of Western Refining Logistics LP (WNRL).
  • Dassault Systèmes (DSY.PA) completes acquisition of Exa Corp (EXA).
  • Invitation Homes Inc (INVH) completes acquisition of Starwood Waypoint Homes (SFR).
  • The Washington Companies completes acquisition of Dominion Diamond Corp (DDC).
  • US Concrete Inc (USCR) completes acquisition of Polaris Materials Corp [$cdn] (PLS.TO).
  • Ultragenyx Pharmaceutical Inc (RARE) completes acquisition of Dimension Therapeutics Inc (DMTX).
  • InVitae Corp (NVTA) completes acquisition of CombiMatrix Corp (CBMX).
  • Pacific Premier Bancorp, Inc. (PPBI) completes acquisition of Plaza Bancorp (PLZZ).
  • First Foundation Inc (FFWM) completes acquisition of Community 1st Bancorp (CFBN).
  • Columbia Banking System Inc (COLB) completes acquisition of Pacific Continental Corp (PCBK).
  • Carolina Financial Corp (CARO) completes acquisition of First South Bancorp (FSBK).
  • BayCom Corp  (BCML) completes acquisition of Plaza Bank (PZBW).

Merger Arbitrage Spreads Nov 20, 2017

The latest stock merger arbitrage spreads:

Sunday, October 29, 2017

The Risk Arbitrage Report for Oct 30, 2017


New Deals:
  • Cisco Systems, Inc. (CSCO) to acquire BroadSoft Inc (BSFT).
  • TPG Capital to acquire Exactech, Inc. (EXAC).
  • Potlatch Corporation (PCH) to acquire Deltic Timber Corp (DEL).
  • Fintrax Group to acquire Planet Payment Inc (PLPM).
  • Utz Quality Foods to acquire Inventure Foods Inc (SNAK).
  • Bangor Bancorp to acquire First Colebrook Bancorp (FCNH).
  • Peoples Bancorp Inc. (PEBO) to acquire ASB Financial Corp. (OH) (ASBN).
Busted Deals:
  • Clariant (CLZNY) terminates agreement with Huntsman Corporation (HUN).
Closed Deals:
  • PacWest Bancorp (PACW) completes acquisition of CU Bancorp (CUNB).

Merger Arbitrage Spreads Oct 30, 2017

The latest stock merger arbitrage spreads:

Sunday, October 22, 2017

The Risk Arbitrage Report for Oct 23, 2017


New Deals:
  • NRD Capital to acquire Ruby Tuesday, Inc. (RT).
  • First Eagle Investment Management to acquire NewStar Financial Inc (NEWS).
  • Neovia S.A.S. to acquire Epicore BioNetworks (EBN.V).
Closed Deals:
  • IAC/InterActiveCorp (IAC) completes acquisition of Angie's List Inc (ANGI).
  • Harland Clarke Holdings completes acquisition of MaxPoint Interactive Inc (MXPT).
  • Apollo Global Management LLC (APO) completes acquisition of West Corp (WSTC).
  • Fortive Corp (FTV) completes acquisition of Landauer Inc (LDR).
  • GL Capital Management, Bank of China Group Investment, CDH Investments, Ascendent Capital Partners and Boying  complete acquisition of SciClone Pharmaceuticals, Inc. (SCLN).
  • Canada Pension Plan Investment Board completes acquisition of Parkway Inc (PKY).
  • Steel Partners Holdings LP (SPLP.A) completes acquisition of Handy & Harman Ltd (HNH).
  • Mitsubishi Tanabe Pharma Corp completes acquisition of Neuroderm Ltd (NDRM).
  • Horizon Bancorp (HBNC) completes acquisition of WOLVERINE BANCORP, INC. (WBKC).
  • Simmons First National Corpora (SFNC) completes acquisition of Southwest Bancorp, Inc. (OKSB).
To Read:

Merger Arbitrage Spreads Oct 23, 2017

The latest stock merger arbitrage spreads:

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

The latest stock merger arbitrage spreads:

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

The latest stock merger arbitrage spreads:

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).