Merger Arbitrage Spreads for Feb 9, 2010

Name	Ticker	Acquirer	Ticker	Current Price	Day Change	Take Over Price	Price Diff	% Diff	Date Announced
ALLIED DEFENSE GR	ADG	Chemring Group	London	$7.18	0.14%	$7.25	0.07	0.97%	1/18/2010
Airvana Inc.	AIRV	72 Mobile Holdings	Private	$7.57	0.13%	$7.65	0.08	1.06%	12/18/2009
ALLIED CAP CORP	ALD	Ares Capital Corp	ARCC	$3.76	-1.83%	$3.84	0.08	2.25%	10/26/2009
AMICAS Inc.	AMCS	Thoma Bravo, LLC	Private	$5.35	-0.56%	$5.35	0.00	0.00%	12/24/2009
Bare Escentuals	BARE	Shiseido Co	--	$18.12	-0.22%	$18.20	0.08	0.44%	1/15/2010
BLACK DECKER CP	BDK	STANLEY WORKS THE	SWK	$67.71	-1.70%	$68.25	0.54	0.80%	11/2/2009
BioForm Medical	BFRM	Merz Pharma Group	Private	$5.44	0.00%	$5.45	0.01	0.18%	12/31/2009
BJ SERVICES CO	BJS	BAKER HUGHES INTL	BHI	$20.33	-0.68%	$20.53	0.20	0.96%	8/31/2009
BURLINGTN N SANTE	BNI	BERKSHIRE HATH HL	BRK-A	$99.74	0.02%	$100.01	0.27	0.27%	11/3/2009
BPW ACQUISITION C	BPW	TALBOTS INC	TLB	$10.02	-1.57%	$11.25	1.23	12.28%	12/8/2009
CF IND HLDGS INC	CF	AGRIUM INC.	AGU	$92.32	-2.02%	$102.77	10.45	11.32%	2/25/2009
BRINK'S HOME SECU	CFL	TYCO INTL LTD SW	TYC	$40.55	-0.98%	$42.50	1.95	4.81%	1/19/2010
Chattem Inc.	CHTT	SANOFI-AVENTIS SA	SNY	$93.32	-0.11%	$93.50	0.18	0.19%	12/21/2009
COMSYS IT Partner	CITP	MANPOWER INC	MAN	$17.45	-0.11%	$17.65	0.20	1.15%	2/2/2010
3Com Corporation	COMS	HEWLETT PACKARD C	HPQ	$7.46	-0.27%	$7.90	0.44	5.90%	11/12/2009
CARE INVESTMENT T	CRE	Liquidation		$8.16	-0.24%	$8.00	-0.16	-1.96%	12/11/2009
Diedrich Coffee	DDRX	Green Mountain Co	GMCR	$34.65	0.14%	$35.00	0.35	1.01%	11/25/2009
ENCORE ACQUISITIO	EAC	DENBURY RES INC (	DNR	$48.73	0.16%	$50.00	1.27	2.61%	11/2/2009
First Chester Cou	FCEC	Tower Bancorp Inc	TOBC	$10.02	1.62%	$11.52	1.50	14.92%	12/28/2009
FRANKLIN ELECTR P	FEP	Saunder Acquisition	Private	$2.48	0.00%	$2.50	0.02	0.81%	6/1/2009
FGX International	FGXI	Essilor		$19.71	-0.10%	$19.75	0.04	0.20%	12/16/2009
FINANCIAL FED CP	FIF	People's United F	PBCT	$26.40	-0.26%	$26.51	0.11	0.42%	11/23/2009
HEALTH FITNESS CO	FIT	Trustmark Mutual Holding Company	Private	$8.76	-0.11%	$8.78	0.02	0.23%	1/21/2010
First Keystone Fi	FKFS	Bryn Mawr Bank Co	BMTC	$11.40	-2.98%	$12.82	1.42	12.45%	11/3/2009
FIRST LITCHFIELD	FLFL.OB	Union Savings Bank	Private	$14.56	0.00%	$15.00	0.44	3.02%	10/26/2009
FortuNet Inc.	FNET	Yuri Gaming Trust		$2.24	0.00%	$2.25	0.01	0.44%	11/23/2009
Republic First Ba	FRBK	Metro Bancorp In	METR	$3.92	-5.54%	$4.29	0.37	9.54%	11/10/2008
CEDAR FAIR LP	FUN	Siddur Holdings	Private	$11.86	0.17%	$11.50	-0.36	-3.04%	12/16/2009
GLOBAL MED TECH I	GLOB.OB	HAEMONETICS CP	HAE	$1.20	0.33%	$1.22	0.02	1.67%	2/1/2010
GENESIS LEASE LIM	GLS	AERCAP HOLDINGS N	AER	$7.76	-1.02%	$7.84	0.08	1.03%	9/18/2009
HALIFAX CP	HALX.PK	Global Equity Capital, LLC	Private	$1.18	0.00%	$1.20	0.02	1.69%	1/7/2010
HIGHBURY FINANCL	HBRF.OB	AFFILIATED MGRS G	AMG	$5.45	1.68%	$6.04	0.59	10.80%	12/14/2009
Home Diagnostics	HDIX	Nipro Corp	--	$11.45	0.00%	$11.50	0.05	0.44%	2/3/2010
Harleysville Nati	HNBC	First Niagara Fin	FNFG	$6.21	0.00%	$6.30	0.09	1.52%	7/27/2009
ICO Inc.	ICOC	A. Schulman Inc.	SHLM	$7.52	-2.59%	$7.62	0.10	1.31%	12/2/2009
INTERSTATE HTLS	IHR	Thayer Lodging Group	Private	$2.22	0.00%	$2.25	0.03	1.35%	12/18/2009
IOWA TELECOM SVCS	IWA	Windstream Corpor	WIN	$16.05	0.19%	$15.93	-0.12	-0.74%	11/24/2009
JAVELIN PHARMACEU	JAV	Myriad Pharmaceut	MYRX	$1.15	-2.54%	$1.18	0.03	2.99%	12/18/2009
K-Tron Internatio	KTII	HILLENBRAND INC	HI	$149.10	-0.17%	$150.00	0.90	0.60%	1/11/2010
LODGIAN INC	LGN	Lone Star Funds	Private	$2.46	0.00%	$2.50	0.04	1.63%	1/22/2010
STARLIMS Technolo	LIMS	ABBOTT LABORATORI	ABT	$13.92	-0.36%	$14.00	0.08	0.57%	12/14/2009
LANDRY'S RESTAURA	LNY	Tilman Fertitta, CEO		$20.09	-1.76%	$14.75	-5.34	-26.58%	11/3/2009
NORTH ASIA INVEST	NHR	PACIFIC CITY FINL	PFCF.OB	$9.96	0.10%	$10.77	0.81	8.12%	1/14/2010
NRG ENERGY INC	NRG	EXELON CORPORATIO	EXC	$21.59	-0.55%	$23.85	2.26	10.46%	10/19/2008
NURX PHARMACEUTIC	NUXP.OB	QUANTRX BIOMEDICA	QTXB.OB	$0.24	0.00%	$0.57	0.33	138.11%	1/29/2010
OAK FINANCIAL COR	OKFC.OB	Chemical Financia	CHFC	$25.25	0.00%	$26.15	0.90	3.55%	1/8/2010
ON2 TECHNOLOGIES	ONT	Google Inc.	GOOG	$0.67	0.60%	$0.68	0.01	1.41%	8/5/2009
PEPSIAMERICAS INC	PAS	PEPSICO INC	PEP	$28.95	-0.21%	$29.05	0.10	0.36%	8/4/2009
PEPSI BOTTLING GR	PBG	PEPSICO INC	PEP	$37.03	-0.56%	$37.21	0.18	0.49%	8/4/2009
QuadraMed Corpora	QDHC	Francisco Partners	Private	$8.40	0.00%	$8.50	0.10	1.19%	12/8/2009
IMS HEALTH INC	RX	TPG Capital & Canada Pension Plan	Private	$21.80	-0.18%	$22.00	0.20	0.92%	11/5/2009
Switch & Data Fac	SDXC	Equinix Inc.	EQIX	$17.30	-0.52%	$18.06	0.76	4.39%	10/21/2009
SKYTERRA COMMUNIC	SKYT.OB	Harbinger Capital Partners	Private	$4.90	1.03%	$5.00	0.10	2.04%	9/23/2009
Sinoenergy Corpor	SNEN	Company's chairman and president	Private	$1.76	-0.56%	$1.90	0.14	7.95%	10/12/2009
Silicon Storage T	SSTI	Microchip Technol	MCHP	$2.84	0.00%	$2.85	0.01	0.35%	2/3/2010
SYNERGX SYS INC	SYNX.PK	Firecom	Private	$0.51	0.00%	$0.60	0.09	17.65%	1/25/2010
MERIDIAN RES CP	TMR	Alta Mesa Holding	Private	$0.29	2.31%	$0.29	0.00	0.87%	12/23/2009
Youbet.com Inc.	UBET	Churchill Downs	CHDN	$2.66	0.76%	$3.01	0.35	13.31%	11/12/2009
Varian Inc.	VARI	AGILENT TECH INC	A	$51.46	-0.17%	$52.00	0.54	1.05%	7/26/2009
Western Sizzlin C	WEST	THE STEAK N SHAKE	SNS	$8.73	0.23%	$8.07	-0.66	-7.56%	10/22/2009
Waste Services I	WSII	IESI-BFC LTD	BIN	$9.49	-0.11%	$9.68	0.19	2.03%	11/12/2009
XTO ENERGY INC	XTO	EXXON MOBIL CP	XOM	$44.97	-0.07%	$45.68	0.71	1.57%	12/14/2009
ZiLOG Inc.	ZILG	IXYS Corporation	IXYS	$3.57	0.00%	$3.59	0.02	0.44%	12/7/2009
Zareba Systems I	ZRBA	Woodstream	--	$8.73	-0.34%	$9.00	0.27	3.09%	1/11/2010