The Risk Arbitrage Report for February 28, 2011

New Deals:

• Holly Corp (HOC) to acquire Frontier Oil Corp (FTO).
• Forest Laboratories Inc (FRX) to acquire Clinical Data Inc (CLDA).
• Golden Gate Capital to acquire Conexant Systems Inc (CNXT) which terminated its pending merger with Standard Microsystems Corporation (SMSC).
• CSR PLC (CSRXF) to acquire Zoran Corp (ZRAN).
• Sun Pharma (Majority Holder) to acquire CaraCo Pharmaceutical Laboratories Ltd (CPD).
• Golden Gate Capital to acquire Tollgrade Communications Inc (TLGD).
• IBERIABANK Corp (IBKC) to acquire Omni Bancshares Inc (OMBA).

Busted Deals:

• Icahn Enterprises LP (IEP) terminates agreement with Dynegy Incorporated (DYN).

Closed Deals:

• Dell Inc (DELL) completes acquisition of Compellent Technologies Inc (CML).
• TransForce Inc completes acquisition of Dynamex Inc (DDMX). 
• Royal DSM N.V. completes acquisition of Martek Biosciences Corp (MATK).
• FirstEnergy Corp (FE) completes acquisition of Allegheny Energy Inc (AYE).
• Sanofi Aventis (SNY) completes acquisition of BMP Sunstone Corp (BJGP).
• Calix Inc (CALX) completes acquisition of Occam Networks Inc (OCNW).

Updated Deals:

• Johnson & Johnson (JNJ) completes tender offer for Crucell ADR (CRXL).
• Royal DSM N.V. completes tender offer for Martek Biosciences Corp (MATK).
• Conexant Systems Inc (CNXT) receives superior proposal to the merger with Standard Microsystems Corp (SMSC).
• Hypercom Corp (HYC) shareholders approve acquisition by  Verifone Systems Inc (PAY). 
• IDEX Corp (IEX) completes tender offer for Microfluidics International Corp (MFLU).
• Rock Tenn Co (RKT) files S-4 in merger with Smurfit Stone Container Corp (SSCC).
• Arbinet Corp (ARBX) shareholders approve acquisition by  Primus Telecommunications Group Inc (PMUG).
• Qualcomm Inc (QCOM) receives early HSR termination in merger with Atheros Communications Inc (ATHR).

To Read:

• dealTrader Insights: Rock-Tenn buys Smurfit: add long RKT to your long SSCC for a potential 20/30% upside on the combined entity
• DealBook: When M.&A. Hurts
• DealBook: J.Crew and Plaintiffs’ Lawyers Speak Out as Vote Nears