Sunday, December 26, 2010

Merger Arbitrage Spreads December 27, 2010

Latest stock merger arbitrage spreads:

Target Ticker Acquirer Ticker Current
Price
Take Over
Price
Price Diff % Diff Date
Announced
Deal Type
AirTran Holdings AAI Southwest Airline LUV $7.36 $7.75 0.39 5.30% 9/27/2010 C&S
Alberto-Culver Co ACV Unilever PLC Comm UL $36.94 $37.50 0.56 1.52% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $7.28 $7.47 0.19 2.67% 8/30/2010 Stock
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.1100 $0.1275 0.02 15.91% 3/23/2010 Stock
Applied Signal Te APSG Raytheon Company RTN $37.81 $38.00 0.19 0.50% 12/20/2010 Cash
Arbinet Corporati ARBX PRIMUS TELECOM GR PMUG.OB $7.89 $6.61 -1.28 -16.22% 11/11/2010 Stock
Art Technology Gr ARTG Oracle Corporatio ORCL $5.99 $6.00 0.01 0.25% 11/2/2010 Cash
AMERICAN SURGICAL ASRG.OB Great Point Partners -- $2.82 $2.87 0.05 1.77% 12/21/2010 Cash
Atlas Energy Inc ATLS Chevron Corporati CVX $43.39 $43.34 -0.05 -0.12% 11/9/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $24.22 $24.71 0.49 2.01% 2/11/2010 Stock
Baldor Electric C BEZ ABB Ltd Common St ABB $63.11 $63.50 0.39 0.62% 11/30/2010 Cash
BAKBONE SOFTWARE BKBO.OB Quest Software I QSFT $0.33 $0.33 0.00 1.48% 11/10/2010 Cash
Bucyrus Internati BUCY Caterpillar Inc. CAT $89.38 $92.00 2.62 2.93% 11/15/2010 Cash
Cadence Financial CADE Community Bancorp -- $2.47 $2.50 0.03 1.21% 10/6/2010 Cash
CAPRIUS INC CAPI.PK Vintage Capital Group -- $0.0522 $0.0650 $0.0128 24.52% 11/11/2010 Cash
Comm Bancorp Inc CCBP F.N.B. Corporatio FNB $44.45 $44.61 0.16 0.37% 8/9/2010 C&S
COMFORCE Corp. Co CFS ARBY Partners -- $2.49 $2.50 0.01 0.40% 12/2/2010 Cash
CENTER FOR WOUND CFWH.OB Sveric International -- $0.57 $0.57 0.00 0.00% 10/6/2010 Cash
Capital Gold Corp CGC Gammon Gold Inc. GRS $4.99 $4.81 -0.18 -3.58% 10/7/2010 C&S
Center Financial CLFC Nara Bancorp Inc NARA $7.45 $7.34 -0.11 -1.43% 11/9/2010 Stock
Cellu Tissue Hold CLU Clearwater Paper CLW $11.99 $12.00 0.01 0.08% 9/16/2010 Cash
Compellent Techno CML Dell Inc. DELL $27.60 $27.75 0.15 0.54% 12/13/2010 Cash
ALL AMERICAN GROU COHM.PK American Group Holding -- $0.2221 $0.2000 -0.02 -9.95% 11/8/2010 Cash
CPI International CPII Veritas Capital Fund -- $19.33 $19.50 0.17 0.88% 11/29/2010 Cash
Crucell NV CRXL Johnson & Johnson JNJ $30.94 $32.49 1.55 5.02% 10/6/2010 Cash
CommScope Inc. C CTV Carlyle Group -- $31.23 $31.50 0.27 0.86% 10/27/2010 Cash
Cypress Bioscienc CYPB Ramius V&O Acquisition -- $6.45 $6.50 0.05 0.78% 12/15/2010 Cash
Dynamex Inc. DDMX TransForce Inc -- $24.75 $25.00 0.25 1.01% 10/1/2010 Cash
Del Monte Foods C DLM Kohlberg Kravis Roberts -- $18.75 $19.00 0.25 1.33% 11/25/2010 Cash
Dionex Corporatio DNEX Thermo Fisher Sci TMO $118.20 $118.50 0.30 0.25% 12/13/2010 Cash
Dynegy Inc. (Dela DYN Icahn Enterprises IEP $5.86 $5.50 -0.36 -6.14% 12/15/2010 Cash
Eurand N.V. EURX Axcan Holdings -- $11.79 $12.00 0.21 1.78% 12/1/2010 Cash
First Franklin Co FFHS Cheviot Financial CHEV $14.25 $14.50 0.25 1.75% 10/13/2010 Cash
FIRST IPSWICH BCP FIWC.OB Brookline Bancorp BRKL $8.00 $8.10 0.10 1.25% 10/27/2010 Cash
First Mercury Fin FMR FAIRFAX FINANCIAL FFH.TO $16.37 $16.50 0.13 0.79% 10/28/2010 Cash
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $7.30 $7.90 0.60 8.23% 10/15/2010 C&S
Nicor Inc. Commo GAS AGL Resources In AGL $50.55 $51.66 1.11 2.20% 12/7/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $10.02 $9.50 -0.52 -5.19% 10/25/2010 C&S
Hypercom Corporat HYC Verifone Systems PAY $8.46 $9.02 0.56 6.60% 11/17/2010 Stock
L-1 Identity Solu ID Safran -- $11.85 $12.00 0.15 1.27% 9/20/2010 Cash
INFOLOGIX INC IFLG.PK Stanley Black & D SWK $4.63 $4.75 0.12 2.59% 12/16/2010 Cash
Jo-Ann Stores In JAS Leonard Green & Partners -- $60.19 $61.00 0.81 1.35% 12/23/2010 Cash
J. Crew Group In JCG TPG Capital and Leonard Green & Partners -- $43.11 $43.50 0.39 0.90% 11/23/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.07 $14.25 0.18 1.28% 10/12/2010 Cash
LaserCard Corpora LCRD ASSA ABLOY AB -- $6.26 $6.25 -0.01 -0.16% 12/21/2010 Cash
Ladish Co. Inc. LDSH Allegheny Technol ATI $49.70 $50.26 0.56 1.13% 11/17/2010 C&S
Legacy Bancorp I LEGC Berkshire Hills B BHLB $12.69 $13.14 0.45 3.55% 12/22/2010 C&S
LTX-Credence Corp LTXC Verigy Ltd. VRGY $7.73 $12.51 4.78 61.93% 11/18/2010 Stock
Majestic Capital MAJC Bayside Capital Partners -- $4.18 $4.50 0.32 7.66% 9/21/2010 Cash
Martek Bioscience MATK Royal DSM N.V. -- $31.57 $31.50 -0.07 -0.22% 12/21/2010 Cash
Mediacom Communic MCCC CEO, Rocco B. Commisso -- $8.46 $8.75 0.29 3.43% 11/15/2010 Cash
MIDCAROLINA FINL MCFI.OB American National AMNB $6.90 $7.76 0.86 12.39% 12/16/2010 Stock
MCAFEE Inc MFE Intel Corporation INTC $46.28 $48.00 1.72 3.72% 8/19/2010 Cash
New M&I Corporati MI Bank Of Montreal BMO $6.66 $7.09 0.43 6.43% 12/17/2010 Stock
Mercer Insurance MIGP United Fire & Cas UFCS $27.98 $28.25 0.27 0.96% 12/1/2010 Cash
Monroe Bancorp MROE Old National Banc ONB $14.12 $14.00 -0.12 -0.85% 10/6/2010 Stock
Matrixx Initiativ MTXX H.I.G Capital -- $8.22 $8.00 -0.22 -2.68% 12/14/2010 Cash
NewAlliance Bancs NAL First Niagara Fin FNFG $15.07 $15.42 0.35 2.34% 8/19/2010 C&S
Novell Inc. NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $5.99 $6.10 0.11 1.84% 11/22/2010 Cash
NORTH PENN BCORP NPBP.OB Norwood Financial NWFL $16.95 $18.81 1.86 10.97% 12/15/2010 C&S
NSTAR Common Stoc NST Northeast Utiliti NU $42.36 $41.80 -0.56 -1.32% 10/18/2010 Stock
Nu Horizons Elect NUHC Arrow Electronics ARW $6.98 $7.00 0.02 0.29% 9/20/2010 Cash
Occam Networks I OCNW Calix Inc Common CALX $8.72 $8.79 0.07 0.82% 9/16/2010 C&S
Optelecom-NKF In OPTC TKH Group -- $2.42 $2.45 0.03 1.24% 11/11/2010 Cash
Pennichuck Corpor PNNW City of Nashua -- $27.40 $29.00 1.60 5.84% 11/12/2010 Cash
POLYMER GRP CL A POLGA.OB Blackstone Capital Partners -- $16.39 $15.25 -1.14 -6.96% 10/4/2010 Cash
Portec Rail Produ PRPX L.B. Foster Compa FSTR $11.79 $11.80 0.01 0.08% 2/17/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $25.80 $27.35 1.55 6.01% 9/21/2010 Stock
Qwest Communicati Q CenturyLink Inc. CTL $7.68 $7.70 0.02 0.27% 4/22/2010 Stock
RAE Systems Inc C RAE Battery Ventures -- $1.61 $1.60 -0.01 -0.62% 9/20/2010 Cash
Rock of Ages Corp ROAC Swenson Granite -- $5.23 $5.25 0.02 0.38% 10/18/2010 Cash
Rome Bancorp Inc ROME Berkshire Hills B BHLB $11.66 $11.69 0.03 0.28% 10/12/2010 C&S
Sonic Solutions SNIC Rovi Corporation ROVI $14.42 $14.11 -0.31 -2.13% 12/22/2010 C&S
Student Loan Corp STU Discover Financia DFS $30.00 $30.00 0.00 0.00% 9/17/2010 Cash
Syniverse Holding SVR Carlyle Group -- $30.83 $31.00 0.17 0.55% 10/28/2010 Cash
Tongjitang Chines TCM Insiders -- $4.35 $4.50 0.15 3.45% 11/1/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $23.12 $25.63 2.51 10.88% 6/7/2010 C&S
Todd Shipyards Co TOD Vigor Industrial -- $22.22 $22.27 0.05 0.23% 12/23/2010 Cash
T-3 Energy Servic TTES Robbins & Myers RBN $38.99 $39.19 0.20 0.50% 10/6/2010 C&S
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.24 $8.31 1.07 14.79% 4/20/2010 C&S
VCG Holding Corpo VCGH Insiders -- $2.19 $2.25 0.06 2.74% 11/10/2010 Cash
Voltaire Ltd. VOLT Mellanox Technolo MLNX $8.68 $8.75 0.07 0.81% 11/29/2010 Cash
Wilmington Trust WL M&T Bank Corporat MTB $4.28 $4.37 0.09 2.20% 11/1/2010 Stock
Whitney Holding C WTNY Hancock Holding C HBHC $13.41 $13.84 0.43 3.24% 12/22/2010 Stock

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