Saturday, January 29, 2011

Merger Arbitrage Spreads January 31, 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 $7.37 $7.58 0.21 2.84% 9/27/2010 C&S
Abington Bancorp ABBC Susquehanna Bancs SUSQ $12.45 $12.63 0.18 1.47% 1/26/2011 Stock
Alberto-Culver Co ACV Unilever PLC Comm UL $37.17 $37.50 0.33 0.89% 9/27/2010 Cash
A.D.A.M. Inc. ADAM Ebix Inc EBIX $6.94 $7.03 0.09 1.26% 8/30/2010 Stock
AMERICAN EXPLORAT AEXP.OB MAINLAND RESOURCE MNLU.OB $0.1500 $0.2050 0.06 36.67% 3/23/2010 Stock
Applied Signal Te APSG Raytheon Company RTN $37.99 $38.00 0.02 0.04% 12/20/2010 Cash
Arbinet Corporati ARBX PRIMUS TELECOM GR PMUG.OB $9.40 $8.26 -1.14 -12.09% 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 $44.54 $45.00 0.46 1.03% 1/5/2011 Cash
Atlas Energy Inc ATLS Chevron Corporati CVX $44.03 $43.34 -0.69 -1.57% 11/9/2010 C&S
Allegheny Energy AYE FirstEnergy Corpo FE $25.59 $25.86 0.27 1.05% 2/11/2010 Stock
BMP Sunstone Corp BJGP Sanofi-Aventis SA SNY $9.95 $10.00 0.05 0.50% 10/28/2010 Cash
Bucyrus Internati BUCY Caterpillar Inc. CAT $90.68 $92.00 1.32 1.46% 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 -- $0.0610 $0.0650 $0.0040 6.56% 11/11/2010 Cash
Capital Gold Corp CGC Gammon Gold Inc. GRS $4.74 $4.74 0.00 -0.03% 10/7/2010 C&S
Center Financial CLFC Nara Bancorp Inc NARA $7.24 $7.45 0.21 2.94% 11/9/2010 Stock
Compellent Techno CML Dell Inc. DELL $27.69 $27.75 0.06 0.22% 12/13/2010 Cash
Conexant Systems CNXT Standard Microsys SMSC $2.05 $2.16 0.11 5.21% 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 -- $26.89 $27.25 0.36 1.34% 1/4/2011 Cash
CPI International CPII Veritas Capital Fund -- $19.41 $19.50 0.09 0.46% 11/29/2010 Cash
Crucell NV CRXL Johnson & Johnson JNJ $33.22 $33.67 0.45 1.36% 10/6/2010 Cash
Dynamex Inc. DDMX TransForce Inc -- $24.89 $25.00 0.11 0.44% 10/1/2010 Cash
Del Monte Foods C DLM Kohlberg Kravis Roberts -- $18.91 $19.00 0.09 0.48% 11/25/2010 Cash
Danvers Bancorp DNBK People's United F PBCT $21.56 $21.93 0.37 1.70% 1/20/2011 C&S
Dionex Corporatio DNEX Thermo Fisher Sci TMO $118.01 $118.50 0.49 0.42% 12/13/2010 Cash
Dynegy Inc. (Dela DYN Icahn Enterprises IEP $6.08 $5.50 -0.58 -9.54% 12/15/2010 Cash
Eurand N.V. EURX Axcan Holdings -- $11.96 $12.00 0.04 0.33% 12/1/2010 Cash
First Franklin Co FFHS Cheviot Financial CHEV $14.45 $14.50 0.05 0.35% 10/13/2010 Cash
FIRST IPSWICH BCP FIWC.OB Brookline Bancorp BRKL $8.10 $8.10 0.00 0.00% 10/27/2010 Cash
First Mercury Fin FMR FAIRFAX FINANCIAL FFH.TO $16.45 $16.50 0.05 0.30% 10/28/2010 Cash
FORT ORANGE FINAN FOFC.OB CHEMUNG FINANCIAL CHMG.OB $7.25 $8.03 0.78 10.83% 10/15/2010 C&S
Nicor Inc. Commo GAS AGL Resources In AGL $49.93 $51.45 1.52 3.05% 12/7/2010 C&S
Wilber Corporatio GIW Community Bank Sy CBU $9.57 $9.50 -0.07 -0.73% 10/25/2010 C&S
Genoptix Inc. GXDX Novartis -- $24.95 $25.00 0.05 0.20% 1/24/2011 Cash
HUDSON HOLDING CO HDHL.OB Rodman & Renshaw RODM $0.0700 $0.0767 0.01 9.61% 1/5/2011 Stock
Hypercom Corporat HYC Verifone Systems PAY $8.89 $9.20 0.31 3.46% 11/17/2010 Stock
L-1 Identity Solu ID Safran -- $11.92 $12.00 0.08 0.67% 9/20/2010 Cash
Jo-Ann Stores In JAS Leonard Green & Partners -- $60.28 $61.00 0.72 1.19% 12/23/2010 Cash
J. Crew Group In JCG TPG Capital and Leonard Green & Partners -- $43.40 $43.50 0.10 0.23% 11/23/2010 Cash
King Pharmaceutic KG Pfizer Inc. Comm PFE $14.22 $14.25 0.03 0.21% 10/12/2010 Cash
LaserCard Corpora LCRD ASSA ABLOY AB -- $6.25 $6.25 0.00 0.00% 12/21/2010 Cash
Ladish Co. Inc. LDSH Allegheny Technol ATI $52.72 $53.01 0.29 0.55% 11/17/2010 C&S
Legacy Bancorp I LEGC Berkshire Hills B BHLB $13.03 $13.26 0.23 1.80% 12/22/2010 C&S
LTX-Credence Corp LTXC Verigy Ltd. VRGY $8.64 $12.62 3.98 46.11% 11/18/2010 Stock
Majestic Capital MAJC Bayside Capital Partners -- $4.22 $4.50 0.28 6.52% 9/21/2010 Cash
Martek Bioscience MATK Royal DSM N.V. -- $31.41 $31.50 0.09 0.29% 12/21/2010 Cash
Mediacom Communic MCCC CEO, Rocco B. Commisso -- $8.62 $8.75 0.13 1.51% 11/15/2010 Cash
MIDCAROLINA FINL MCFI.OB American National AMNB $6.75 $6.82 0.07 1.05% 12/16/2010 Stock
MCAFEE Inc MFE Intel Corporation INTC $47.87 $48.00 0.13 0.27% 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 $6.99 $7.26 0.27 3.87% 12/17/2010 Stock
Mercer Insurance MIGP United Fire & Cas UFCS $28.08 $28.25 0.17 0.61% 12/1/2010 Cash
Matrixx Initiativ MTXX H.I.G Capital -- $8.00 $8.00 0.00 0.00% 12/14/2010 Cash
NewAlliance Bancs NAL First Niagara Fin FNFG $15.01 $15.22 0.21 1.43% 8/19/2010 C&S
NGAS Resources I NGAS Magnum Hunter Res MHR $0.5550 $0.5837 0.03 5.18% 12/27/2010 Stock
NovaMed Inc. NOVA Surgery Center Holdings -- $13.14 $13.25 0.12 0.88% 1/21/2011 Cash
Novell Inc. NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $6.00 $6.10 0.10 1.67% 11/22/2010 Cash
NORTH PENN BCORP NPBP.OB Norwood Financial NWFL $17.25 $19.10 1.85 10.74% 12/15/2010 C&S
NSTAR Common Stoc NST Northeast Utiliti NU $43.27 $42.99 -0.28 -0.64% 10/18/2010 Stock
NULOCH RES INC NULCF.PK Magnum Hunter Res MHR $2.22 $2.28 0.06 2.69% 1/18/2011 Stock
Occam Networks I OCNW Calix Inc Common CALX $8.37 $8.46 0.09 1.05% 9/16/2010 C&S
Progress Energy I PGN Duke Energy Corpo DUK $45.34 $46.92 1.58 3.49% 1/10/2011 Stock
Playboy Enterpris PLA Insiders -- $6.13 $6.15 0.02 0.33% 1/10/2011 Cash
PLAYBOY ENTERPRIS PLA-A Insiders -- $6.13 $6.15 0.02 0.33% 1/10/2011 Cash
Pennichuck Corpor PNNW City of Nashua -- $28.03 $29.00 0.97 3.46% 11/12/2010 Cash
POLYMER GRP CL A POLGA.OB Blackstone Capital Partners -- $16.35 $15.25 -1.10 -6.73% 10/4/2010 Cash
Penn Virginia GP PVG Penn Virginia Res PVR $26.11 $27.19 1.08 4.12% 9/21/2010 Stock
Qwest Communicati Q CenturyLink Inc. CTL $7.05 $7.16 0.11 1.54% 4/22/2010 Stock
RAE Systems Inc C RAE Vector Capital -- $1.71 $1.75 0.04 2.34% 1/18/2011 Cash
Rome Bancorp Inc ROME Berkshire Hills B BHLB $11.74 $11.78 0.04 0.34% 10/12/2010 C&S
Sterling Bancshar SBIB Comerica Incorpor CMA $8.87 $8.98 0.11 1.29% 1/18/2011 Stock
Sonic Solutions SNIC Rovi Corporation ROVI $14.48 $14.53 0.05 0.34% 12/22/2010 C&S
Smurfit-Stone Con SSCC Rock-Tenn Company RKT $37.37 $37.74 0.37 1.00% 1/24/2011 C&S
Tongjitang Chines TCM Insiders -- $4.44 $4.50 0.06 1.35% 11/1/2010 Cash
Talecris Biothera TLCR GRIFOLS A GRF.MC $24.21 $26.18 1.97 8.13% 6/7/2010 C&S
Terremark Worldwi TMRK Verizon Communica VZ $18.92 $19.00 0.08 0.42% 1/27/2011 Cash
Todd Shipyards Co TOD Vigor Industrial -- $22.24 $22.27 0.03 0.13% 12/23/2010 Cash
UNION NATL FINCL UNNF.OB Donegal Group In DGICA $7.00 $8.25 1.25 17.86% 4/20/2010 C&S
VCG Holding Corpo VCGH Insiders -- $2.22 $2.25 0.03 1.35% 11/10/2010 Cash
Voltaire Ltd. VOLT Mellanox Technolo MLNX $8.67 $8.75 0.08 0.92% 11/29/2010 Cash
Wilmington Trust WL M&T Bank Corporat MTB $4.37 $4.44 0.07 1.51% 11/1/2010 Stock
Whitney Holding C WTNY Hancock Holding C HBHC $13.35 $13.73 0.38 2.82% 12/22/2010 Stock

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