Sunday, January 16, 2011

Merger Arbitrage Spreads January 17, 2011

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 $7.50 $7.75 0.25 3.33% 9/27/2010 C&S
Alberto-Culver Co ACV Unilever PLC Comm UL $37.13 $37.50 0.37 1.00% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $7.49 $7.79 0.30 3.96% 8/30/2010 Stock
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.1200 $0.1325 0.01 10.42% 3/23/2010 Stock
Applied Signal Te APSG Raytheon Company RTN $37.91 $38.00 0.09 0.24% 12/20/2010 Cash
Arbinet Corporati ARBX PRIMUS TELECOM GR PMUG.OB $9.65 $8.30 -1.35 -14.03% 11/11/2010 Stock
AMERICAN SURGICAL ASRG.OB Great Point Partners -- $2.86 $2.87 0.01 0.35% 12/21/2010 Cash
Atheros Communica ATHR QUALCOMM Incorpor QCOM $44.62 $45.00 0.38 0.85% 1/5/2011 Cash
Atlas Energy Inc ATLS Chevron Corporati CVX $44.33 $43.34 -0.99 -2.23% 11/9/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $25.40 $25.75 0.35 1.36% 2/11/2010 Stock
Baldor Electric C BEZ ABB Ltd Common St ABB $63.37 $63.50 0.13 0.21% 11/30/2010 Cash
BMP Sunstone Corp BJGP Sanofi-Aventis SA SNY $9.92 $10.00 0.08 0.81% 10/28/2010 Cash
BAKBONE SOFTWARE BKBO.OB Quest Software I QSFT $0.33 $0.33 0.00 1.01% 11/10/2010 Cash
Bucyrus Internati BUCY Caterpillar Inc. CAT $90.30 $92.00 1.70 1.88% 11/15/2010 Cash
Cadence Financial CADE Community Bancorp -- $2.49 $2.50 0.01 0.40% 10/6/2010 Cash
CAPRIUS INC CAPI.PK Vintage Capital Group -- $0.0560 $0.0650 $0.0090 16.07% 11/11/2010 Cash
Capital Gold Corp CGC Gammon Gold Inc. GRS $4.98 $4.86 -0.12 -2.45% 10/7/2010 C&S
Center Financial CLFC Nara Bancorp Inc NARA $7.39 $7.59 0.20 2.65% 11/9/2010 Stock
Compellent Techno CML Dell Inc. DELL $27.65 $27.75 0.10 0.36% 12/13/2010 Cash
Conexant Systems CNXT Standard Microsys SMSC $2.12 $2.21 0.09 4.48% 1/10/2011 C&S
ALL AMERICAN GROU COHM.PK American Group Holding -- $0.2300 $0.2000 -0.03 -13.04% 11/8/2010 Cash
CPEX Pharmaceutic CPEX Footstar Corp -- $26.66 $27.25 0.59 2.21% 1/4/2011 Cash
CPI International CPII Veritas Capital Fund -- $19.40 $19.50 0.10 0.52% 11/29/2010 Cash
Crucell NV CRXL Johnson & Johnson JNJ $32.72 $33.14 0.42 1.28% 10/6/2010 Cash
Dynamex Inc. DDMX TransForce Inc -- $24.85 $25.00 0.15 0.60% 10/1/2010 Cash
Del Monte Foods C DLM Kohlberg Kravis Roberts -- $18.94 $19.00 0.06 0.32% 11/25/2010 Cash
Dionex Corporatio DNEX Thermo Fisher Sci TMO $118.08 $118.50 0.42 0.36% 12/13/2010 Cash
Dynegy Inc. (Dela DYN Icahn Enterprises IEP $5.80 $5.50 -0.30 -5.17% 12/15/2010 Cash
Eurand N.V. EURX Axcan Holdings -- $11.89 $12.00 0.11 0.90% 12/1/2010 Cash
First Franklin Co FFHS Cheviot Financial CHEV $14.40 $14.50 0.10 0.69% 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 $16.50 $16.50 0.00 0.00% 10/28/2010 Cash
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $7.12 $7.90 0.78 10.97% 10/15/2010 C&S
Nicor Inc. Commo GAS AGL Resources In AGL $50.64 $51.97 1.33 2.63% 12/7/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $10.20 $9.50 -0.70 -6.86% 10/25/2010 C&S
HUDSON HOLDING CO HDHL.OB Rodman & Renshaw RODM $0.0770 $0.0865 0.01 12.37% 1/5/2011 Stock
Hypercom Corporat HYC Verifone Systems PAY $9.66 $10.08 0.42 4.33% 11/17/2010 Stock
L-1 Identity Solu ID Safran -- $11.93 $12.00 0.07 0.59% 9/20/2010 Cash
INFOLOGIX INC IFLG.PK Stanley Black & D SWK $4.72 $4.75 0.03 0.64% 12/16/2010 Cash
Jo-Ann Stores In JAS Leonard Green & Partners -- $60.30 $61.00 0.70 1.16% 12/23/2010 Cash
J. Crew Group In JCG TPG Capital and Leonard Green & Partners -- $43.82 $43.50 -0.32 -0.73% 11/23/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.17 $14.25 0.08 0.56% 10/12/2010 Cash
LaserCard Corpora LCRD ASSA ABLOY AB -- $6.23 $6.25 0.02 0.32% 12/21/2010 Cash
Ladish Co. Inc. LDSH Allegheny Technol ATI $50.11 $50.35 0.24 0.48% 11/17/2010 C&S
Legacy Bancorp I LEGC Berkshire Hills B BHLB $13.42 $14.00 0.58 4.31% 12/22/2010 C&S
LTX-Credence Corp LTXC Verigy Ltd. VRGY $8.59 $12.56 3.97 46.18% 11/18/2010 Stock
Majestic Capital MAJC Bayside Capital Partners -- $4.22 $4.50 0.28 6.76% 9/21/2010 Cash
Martek Bioscience MATK Royal DSM N.V. -- $31.50 $31.50 0.00 0.00% 12/21/2010 Cash
Mediacom Communic MCCC CEO, Rocco B. Commisso -- $8.61 $8.75 0.14 1.63% 11/15/2010 Cash
MIDCAROLINA FINL MCFI.OB American National AMNB $6.56 $7.57 1.01 15.35% 12/16/2010 Stock
MCAFEE Inc MFE Intel Corporation INTC $47.38 $48.00 0.62 1.31% 8/19/2010 Cash
MICROFLUIDICS INT MFLU.OB IDEX Corporation IEX $1.34 $1.35 0.01 0.75% 1/11/2011 Cash
New M&I Corporati MI Bank Of Montreal BMO $7.24 $7.57 0.33 4.55% 12/17/2010 Stock
Mercer Insurance MIGP United Fire & Cas UFCS $28.04 $28.25 0.21 0.75% 12/1/2010 Cash
Matrixx Initiativ MTXX H.I.G Capital -- $8.68 $8.00 -0.68 -7.83% 12/14/2010 Cash
NewAlliance Bancs NAL First Niagara Fin FNFG $15.49 $15.67 0.18 1.15% 8/19/2010 C&S
NGAS Resources I NGAS Magnum Hunter Res MHR $0.6200 $0.6743 0.05 8.75% 12/27/2010 Stock
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
NORTH PENN BCORP NPBP.OB Norwood Financial NWFL $17.10 $18.67 1.57 9.18% 12/15/2010 C&S
NSTAR Common Stoc NST Northeast Utiliti NU $42.28 $42.00 -0.28 -0.67% 10/18/2010 Stock
Occam Networks I OCNW Calix Inc Common CALX $8.61 $8.66 0.05 0.55% 9/16/2010 C&S
Optelecom-NKF In OPTC TKH Group -- $2.42 $2.45 0.03 1.24% 11/11/2010 Cash
Progress Energy I PGN Duke Energy Corpo DUK $44.73 $46.82 2.09 4.66% 1/10/2011 Stock
Playboy Enterpris PLA Insiders -- $6.10 $6.15 0.05 0.82% 1/10/2011 Cash
PLAYBOY ENTERPRIS PLA-A Insiders -- $6.09 $6.15 0.06 0.99% 1/10/2011 Cash
Pennichuck Corpor PNNW City of Nashua -- $27.92 $29.00 1.08 3.87% 11/12/2010 Cash
POLYMER GRP CL A POLGA.OB Blackstone Capital Partners -- $16.30 $15.25 -1.05 -6.44% 10/4/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $26.95 $28.34 1.39 5.16% 9/21/2010 Stock
Qwest Communicati Q CenturyLink Inc. CTL $7.28 $7.37 0.09 1.19% 4/22/2010 Stock
RAE Systems Inc C RAE Battery Ventures -- $1.66 $1.60 -0.06 -3.61% 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 $12.11 $12.29 0.18 1.52% 10/12/2010 C&S
Sonic Solutions SNIC Rovi Corporation ROVI $15.38 $15.38 0.00 0.01% 12/22/2010 C&S
Tongjitang Chines TCM Insiders -- $4.40 $4.50 0.10 2.27% 11/1/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $22.86 $26.00 3.14 13.75% 6/7/2010 C&S
Todd Shipyards Co TOD Vigor Industrial -- $22.28 $22.27 -0.01 -0.05% 12/23/2010 Cash
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.10 $8.25 1.15 16.20% 4/20/2010 C&S
VCG Holding Corpo VCGH Insiders -- $2.21 $2.25 0.04 1.81% 11/10/2010 Cash
Voltaire Ltd. VOLT Mellanox Technolo MLNX $8.66 $8.75 0.09 1.04% 11/29/2010 Cash
Wilmington Trust WL M&T Bank Corporat MTB $4.40 $4.44 0.04 0.85% 11/1/2010 Stock
Whitney Holding C WTNY Hancock Holding C HBHC $13.67 $14.07 0.40 2.93% 12/22/2010 Stock

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