Sunday, December 5, 2010

Merger Arbitrage Spreads December 6, 2010

The 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 $7.46 $7.75 0.29 3.89% 9/27/2010 C&S
American Commerci ACLI Platinum Equity -- $32.93 $33.00 0.07 0.21% 10/18/2010 Cash
ActivIdentity Cor ACTI ASSA ABLOY AB -- $3.24 $3.25 0.01 0.31% 10/12/2010 Cash
Alberto-Culver Co ACV Unilever PLC Comm UL $37.28 $37.50 0.22 0.59% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $6.55 $6.81 0.26 3.96% 8/30/2010 Stock
ADC Telecommunica ADCT Tyco Electronics TEL $12.74 $12.75 0.01 0.08% 7/13/2010 Cash
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.1100 $0.1175 0.01 6.82% 3/23/2010 Stock
American Oil & Ga AEZ Hess Corporation HES $10.19 $10.20 0.01 0.11% 7/28/2010 Stock
Arbinet Corporati ARBX PRIMUS TELECOM GR PMUG.OB $7.11 $5.73 -1.38 -19.45% 11/11/2010 Stock
Art Technology Gr ARTG Oracle Corporatio ORCL $5.98 $6.00 0.02 0.33% 11/2/2010 Cash
Atlas Energy Inc ATLS Chevron Corporati CVX $43.29 $43.34 0.05 0.12% 11/9/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $23.24 $23.77 0.53 2.26% 2/11/2010 Stock
BANCINSURANCE CP BCIS.OB Insiders -- $8.37 $8.50 0.14 1.61% 8/12/2010 Cash
Baldor Electric C BEZ ABB Ltd Common St ABB $63.26 $63.50 0.24 0.38% 11/30/2010 Cash
BAKBONE SOFTWARE BKBO.OB Quest Software I QSFT $0.32 $0.33 0.01 2.77% 11/10/2010 Cash
BIOTEL INC BTEL.OB CardioNet Inc. BEAT $3.86 $3.84 -0.02 -0.52% 11/10/2010 Cash
Bucyrus Internati BUCY Caterpillar Inc. CAT $89.25 $92.00 2.75 3.08% 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 -- $0.0600 $0.0650 $0.0050 8.33% 11/11/2010 Cash
Comm Bancorp Inc CCBP F.N.B. Corporatio FNB $41.88 $42.16 0.28 0.67% 8/9/2010 C&S
COMFORCE Corp. Co CFS ARBY Partners -- $2.48 $2.50 0.02 0.81% 12/2/2010 Cash
CENTER FOR WOUND CFWH.OB Sveric International -- $0.55 $0.57 0.01 2.62% 10/6/2010 Cash
Capital Gold Corp CGC Gammon Gold Inc. GRS $4.81 $4.85 0.04 0.79% 10/7/2010 C&S
Clarient Inc. CLRT General Electric GE $4.99 $5.00 0.01 0.20% 10/22/2010 Cash
Cellu Tissue Hold CLU Clearwater Paper CLW $11.98 $12.00 0.02 0.17% 9/16/2010 Cash
ALL AMERICAN GROU COHM.PK American Group Holding -- $0.2300 $0.2000 -0.03 -13.04% 11/8/2010 Cash
CPI International CPII Veritas Capital Fund -- $19.30 $19.50 0.20 1.04% 11/29/2010 Cash
Crucell NV CRXL Johnson & Johnson JNJ $31.83 $33.16 1.33 4.19% 10/6/2010 Cash
CommScope Inc. C CTV Carlyle Group -- $31.69 $31.50 -0.19 -0.60% 10/27/2010 Cash
Dynamex Inc. DDMX Greenbriar Equity Group -- $24.24 $24.00 -0.24 -0.99% 10/1/2010 Cash
Rewards Network DINE Equity Group Investments -- $13.74 $13.75 0.01 0.07% 10/28/2010 Cash
Del Monte Foods C DLM Kohlberg Kravis Roberts -- $18.74 $19.00 0.26 1.39% 11/25/2010 Cash
Eurand N.V. EURX Axcan Holdings -- $11.83 $12.00 0.17 1.44% 12/1/2010 Cash
First Chester Cou FCEC Tower Bancorp Inc TOBC $6.29 $6.72 0.43 6.78% 12/28/2009 Stock
First Franklin Co FFHS Cheviot Financial CHEV $14.27 $14.50 0.23 1.61% 10/13/2010 Cash
FIRST IPSWICH BCP FIWC.OB Brookline Bancorp BRKL $7.80 $8.10 0.30 3.85% 10/27/2010 Cash
First Mercury Fin FMR FAIRFAX FINANCIAL FFH.TO $16.41 $16.50 0.09 0.55% 10/28/2010 Cash
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $6.90 $7.90 1.00 14.51% 10/15/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $9.31 $9.50 0.19 2.04% 10/25/2010 C&S
GTC BIOTHERAPEUTI GTCB.OB LFB Biotechnologies -- $0.34 $0.30 -0.04 -11.76% 11/8/2010 Cash
Henry Bros. Elect HBE Kratos Defense & KTOS $8.17 $8.20 0.03 0.37% 10/6/2010 Cash
Hawk Corporation HWK Carlisle Companie CSL #N/A $50.00 #VALUE! 0.00% 10/15/2010 Cash
Hypercom Corporat HYC Verifone Systems PAY $8.60 $9.17 0.57 6.63% 11/17/2010 Stock
L-1 Identity Solu ID Safran -- $11.84 $12.00 0.16 1.35% 9/20/2010 Cash
Internet Brands INET Hellman & Friedman Capital Partners -- $13.33 $13.35 0.02 0.15% 9/20/2010 Cash
Isilon Systems I ISLN EMC Corporation C EMC $33.76 $33.85 0.09 0.27% 11/15/2010 Cash
ITC DELTACOM INC ITCD.OB EarthLink Inc. ELNK $2.97 $3.00 0.03 1.01% 10/1/2010 Cash
J. Crew Group In JCG TPG Capital and Leonard Green & Partners -- $44.13 $43.50 -0.63 -1.43% 11/23/2010 Cash
Keithley Instrume KEI Danaher Corporati DHR $21.58 $21.60 0.02 0.09% 9/28/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.21 $14.25 0.04 0.28% 10/12/2010 Cash
Ladish Co. Inc. LDSH Allegheny Technol ATI $48.17 $48.77 0.60 1.24% 11/17/2010 C&S
LTX-Credence Corp LTXC Verigy Ltd. VRGY $8.45 $8.77 0.32 3.84% 11/18/2010 Stock
Majestic Capital MAJCD Bayside Capital Partners -- $4.21 $4.50 0.29 6.89% 9/21/2010 Cash
Maine & Maritimes MAM Emera -- $44.65 $45.00 0.35 0.78% 3/12/2010 Cash
Mediacom Communic MCCC CEO, Rocco B. Commisso -- $8.50 $8.75 0.25 2.94% 11/15/2010 Cash
MCAFEE Inc MFE Intel Corporation INTC $46.91 $48.00 1.09 2.32% 8/19/2010 Cash
Mercer Insurance MIGP United Fire & Cas UFCS $27.94 $28.25 0.31 1.11% 12/1/2010 Cash
Monroe Bancorp MROE Old National Banc ONB $12.96 $14.00 1.04 8.02% 10/6/2010 Stock
NewAlliance Bancs NAL First Niagara Fin FNFG $13.95 $14.28 0.33 2.35% 8/19/2010 C&S
National Coal Cor NCOC Ranger Energy Investments -- $0.9995 $1.00 0.00 0.05% 9/28/2010 Cash
NightHawk Radiolo NHWK Virtual Radiologic -- $6.46 $6.50 0.04 0.62% 9/27/2010 Cash
Novell Inc. NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $5.94 $6.10 0.16 2.69% 11/22/2010 Cash
NSTAR Common Stoc NST Northeast Utiliti NU $41.80 $41.51 -0.29 -0.69% 10/18/2010 Stock
Nu Horizons Elect NUHC Arrow Electronics ARW $6.97 $7.00 0.03 0.43% 9/20/2010 Cash
Occam Networks I OCNW Calix Inc Common CALX $8.13 $8.29 0.16 1.95% 9/16/2010 C&S
Optelecom-NKF In OPTC TKH Group -- $2.37 $2.45 0.08 3.38% 11/11/2010 Cash
Pennichuck Corpor PNNW City of Nashua -- $27.55 $29.00 1.45 5.26% 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 $11.58 $11.80 0.22 1.90% 2/17/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $26.47 $27.96 1.49 5.63% 9/21/2010 Stock
Prospect Medical PZZ Leonard Green & Partners -- $8.57 $8.50 -0.07 -0.82% 8/16/2010 Cash
Qwest Communicati Q CenturyLink Inc. CTL $7.12 $7.23 0.11 1.50% 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 $11.37 $11.50 0.13 1.13% 10/12/2010 C&S
Res-Care Inc. RSCR ONEX CORPORATION OCX.TO $13.25 $13.25 0.00 0.00% 9/7/2010 Cash
Student Loan Corp STU Discover Financia DFS $29.98 $30.00 0.02 0.07% 9/17/2010 Cash
Syniverse Holding SVR Carlyle Group -- $30.74 $31.00 0.26 0.85% 10/28/2010 Cash
Tongjitang Chines TCM Insiders -- $4.35 $4.50 0.15 3.45% 11/1/2010 Cash
TechTeam Global TEAM Stefanini IT Solutions -- $8.34 $8.35 0.01 0.12% 11/2/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $22.51 $25.44 2.93 13.01% 6/7/2010 C&S
T-3 Energy Servic TTES Robbins & Myers RBN $37.26 $37.42 0.16 0.42% 10/6/2010 C&S
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $8.00 $8.31 0.31 3.88% 4/20/2010 C&S
VCG Holding Corpo VCGH Insiders -- $2.20 $2.25 0.05 2.27% 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 $4.08 $4.15 0.07 1.81% 11/1/2010 Stock

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