Saturday, August 28, 2010

The Risk Arbitrage Report for August 30, 2010

New Deals:

Completed Deals:
Deal Updates:
To Read:
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    Merger Arbitrage Spreads August 30, 2010

    The latest stock merger arbitrage spreads:


    Target Ticker Acquirer Ticker Current Price Take Over
    Price
    Price Diff % Diff Date
    Announced
    Abraxis Bioscienc ABII Celgene Corporati CELG $74.20 $71.57 -2.63 -3.55% 6/30/2010
    American Physicia ACAP The Doctors Company -- $41.26 $41.50 0.24 0.58% 7/8/2010
    AmeriCredit Corpo ACF General Motors -- $24.25 $24.50 0.25 1.03% 7/22/2010
    ADC Telecommunica ADCT Tyco Electronics TEL $12.73 $12.75 0.03 0.20% 7/13/2010
    AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.09 $0.10 0.01 11.76% 3/23/2010
    American Oil & Ga AEZ Hess Corporation HES $7.01 $7.07 0.06 0.79% 7/28/2010
    Alloy Inc. ALOY ZelnickMedia -- $9.57 $9.80 0.23 2.40% 6/24/2010
    ATC Technology Co ATAC GENCO Distribution System -- $24.15 $25.00 0.85 3.52% 7/19/2010
    Atlantic BancGrou ATBC Jacksonville Banc JAXB $2.15 $2.23 0.08 3.77% 5/10/2010
    Allegheny Energy AYE FirstEnergy Corpo FE $22.56 $24.45 1.89 8.39% 2/11/2010
    BANCINSURANCE CP BCIS.OB Insiders -- $8.19 $8.50 0.31 3.79% 8/12/2010
    Buckeye GP Holdin BGH Buckeye Partners BPL $42.10 $44.17 2.07 4.91% 6/11/2010
    Bowne & Co. Inc. BNE R.R. Donnelley & RRD $11.18 $11.50 0.32 2.86% 2/23/2010
    BioSphere Medical BSMD Merit Medical Sys MMSI $4.36 $4.38 0.02 0.46% 5/13/2010
    Continental Airli CAL UAL Corporation UAUA $21.80 $21.47 -0.33 -1.50% 5/3/2010
    Comm Bancorp Inc CCBP F.N.B. Corporatio FNB $36.52 $37.98 1.46 4.00% 8/9/2010
    Central Jersey Ba CJBK Kearny Financial KRNY $7.41 $7.50 0.09 1.21% 5/25/2010
    CPI International CPII Comtech Telecommu CMTL $14.72 $13.95 -0.77 -5.20% 5/10/2010
    DivX Inc. DIVX Sonic Solutions SNIC $7.69 $7.85 0.16 2.04% 6/2/2010
    Dollar Thrifty Au DTG Hertz Global Hold HTZ $48.05 $38.43 -9.62 -20.03% 4/26/2010
    Diamond Managemen DTPI PricewaterhouseCoopers -- $12.50 $12.50 0.00 0.00% 8/24/2010
    Dynegy Inc. (Dela DYN The Blackstone Gr BX $4.81 $4.50 -0.31 -6.44% 8/13/2010
    Emmis Communicati EMMS Chairman & CEO -- $2.02 $2.40 0.38 18.78% 5/25/2010
    First Chester Cou FCEC Tower Bancorp Inc TOBC $5.70 $8.51 2.81 49.30% 12/28/2009
    GLG Partners Inc GLG Man Group -- $4.46 $4.50 0.04 0.90% 5/17/2010
    Gerdau AmeriSteel GNA Gerdau S.A. Commo GGB $10.99 $11.00 0.01 0.09% 6/30/2010
    Hewitt Associates HEW Aon Corporation C AON $48.91 $49.26 0.35 0.71% 7/12/2010
    Health Grades In HGRD Vestar Capital Partners -- $8.18 $8.20 0.02 0.24% 7/28/2010
    ICx Technologies ICXT FLIR Systems Inc FLIR $7.64 $7.55 -0.09 -1.18% 8/16/2010
    LSB Corporation LSBX People's United F PBCT $20.90 $21.00 0.10 0.48% 7/15/2010
    Maine & Maritimes MAM Emera -- $44.60 $45.00 0.40 0.90% 3/12/2010
    Mariner Energy I ME Apache Corporatio APA $22.95 $23.13 0.18 0.80% 4/15/2010
    Micrus Endovascul MEND Johnson & Johnson JNJ $23.41 $23.40 -0.01 -0.04% 7/12/2010
    MCAFEE Inc MFE Intel Corporation INTC $47.10 $48.00 0.90 1.91% 8/19/2010
    Mirant Corp Commo MIR RRI Energy Inc. RRI $9.71 $9.84 0.13 1.31% 4/11/2010
    NewAlliance Bancs NAL First Niagara Fin FNFG $12.79 $13.19 0.40 3.13% 8/19/2010
    NRG Energy Inc. NRG Exelon Corporatio EXC $20.63 $22.21 1.58 7.68% 10/19/2008
    Inergy Holdings NRGP Inergy L.P. Comm NRGY $28.16 $29.59 1.43 5.08% 8/9/2010
    NBTY Inc. Common NTY Carlyle Group -- $54.38 $55.00 0.62 1.14% 7/15/2010
    Nymagic Inc. Com NYM ProSight Specialty Insurance -- $25.51 $25.75 0.24 0.94% 7/15/2010
    OMNI Energy Servi OMNI Wellspring Capital Management -- $2.71 $2.75 0.04 1.48% 6/4/2010
    Osteotech Inc. OSTE Medtronic Inc. Co MDT $6.40 $6.50 0.11 1.64% 8/17/2010
    3PAR Inc Common S PAR Dell Inc. DELL $32.46 $27.00 -5.46 -16.82% 8/16/2010
    3PAR Inc Common S PAR Hewlett-Packard C HPQ $32.46 $30.00 -2.46 -7.58% 8/27/2010
    Pinnacle Gas Reso PINN Scotia Waterous -- $0.33 $0.34 0.01 3.03% 2/24/2010
    PMA Capital Corpo PMACA Old Republic Inte ORI $6.88 $7.02 0.14 2.01% 6/10/2010
    Penwest Pharmaceu PPCO Endo Pharmaceutic ENDP $4.99 $5.00 0.01 0.20% 8/10/2010
    PROGINET CORP PRGF.OB TIBCO Software I TIBX $1.14 $1.15 0.01 0.88% 6/22/2010
    Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.50 $11.71 0.21 1.83% 2/17/2010
    Psychiatric Solut PSYS Universal Health UHS $33.29 $33.75 0.46 1.38% 5/17/2010
    Phoenix Technolog PTEC Marlin Equity Partners -- $3.78 $3.85 0.07 1.85% 8/17/2010
    Pactiv Corporatio PTV Reynolds Group Holdings Limited -- $32.30 $33.25 0.95 2.94% 8/17/2010
    Prospect Medical PZZ Leonard Green & Partners -- $8.63 $8.50 -0.13 -1.51% 8/16/2010
    Qwest Communicati Q CenturyLink Inc. CTL $5.64 $6.01 0.37 6.57% 4/22/2010
    Smithtown Bancorp SMTB People's United F PBCT $3.74 $3.83 0.09 2.38% 7/15/2010
    Sinoenergy Corpor SNEN Company's chairman and president -- $1.80 $1.90 0.10 5.56% 10/12/2009
    Southern Connecti SSE Naugatuck Valley NVSL $6.09 $7.25 1.16 19.05% 2/23/2010
    Superior Well Ser SWSI Nabors Industries NBR $22.11 $22.12 0.01 0.05% 8/9/2010
    Southwest Water C SWWC Long-Term Infrastructure Investor Group -- $10.97 $11.00 0.03 0.27% 3/3/2010
    Talecris Biothera TLCR GRIFOLS A GRF.MC $22.22 $24.96 2.74 12.33% 6/7/2010
    Trubion Pharmaceu TRBN Emergent Biosolut EBS $4.45 $4.22 -0.23 -5.09% 8/12/2010
    The South Financi TSFG Toronto Dominion TD $0.28 $0.28 0.00 1.74% 5/17/2010
    Unica Corporation UNCA International Bus IBM $21.02 $21.00 -0.02 -0.10% 8/13/2010
    UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.25 $7.44 0.19 2.59% 4/20/2010
    Pet DRx Corporati VETS VCA Antech Inc. WOOF $0.33 $0.34 0.01 3.91% 6/2/2010
    Virage Logic Corp VIRL Synopsys Inc. SNPS $12.00 $12.00 0.00 0.00% 6/10/2010
    Valeant Pharmaceu VRX Biovail Corporati BVF $58.33 $58.07 -0.26 -0.45% 6/21/2010
    Boots and Coots WEL Halliburton Compa HAL $2.98 $3.00 0.02 0.67% 4/12/2010
    Williams Pipeline WMZ Williams Partners WPZ $32.30 $32.36 0.06 0.19% 5/24/2010
    Expressjet Holdin XJT SkyWest Inc. SKYW $6.65 $6.75 0.10 1.50% 8/4/2010