Sunday, March 27, 2011

Merger Arbitrage Spreads March 28, 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 Inc AAI Southwest Airlines Co LUV $7.44 $7.75 0.31 4.17% 9/27/2010 C&S
Abington Community Bancorp Inc ABBC Susquehanna Bancshares Inc SUSQ $11.72 $11.80 0.08 0.69% 1/26/2011 Stock
Alberto Culver Co ACV Unilever ADR Reptg 1 Ord Shs UL $37.18 $37.50 0.32 0.86% 9/27/2010 Cash
American Exploration Corp AEXP Mainland Resources Incorporated MNLU $0.1500 $0.1450 -0.01 -3.33% 3/23/2010 Stock
Animal Health International Inc AHII Lextron and Leonard Green & Partners -- $4.20 $4.25 0.05 1.19% 3/14/2011 Cash
AML Communications Inc AMLJ Anaren Inc ANEN $2.11 $2.15 0.04 1.90% 2/14/2011 Cash
Answers Corp ANSW AFCV Holdings -- $10.43 $10.50 0.07 0.67% 2/3/2011 Cash
America Service Group Inc ASGR Valitás Health Services -- $25.58 $26.00 0.42 1.64% 3/3/2011 Cash
Atheros Communications Inc ATHR Qualcomm Inc QCOM $44.62 $45.00 0.38 0.85% 1/5/2011 Cash
Beckman Coulter Inc BEC Danaher Corp DHR $82.97 $83.50 0.53 0.64% 2/7/2011 Cash
Bucyrus International Inc BUCY Caterpillar Inc CAT $91.15 $92.00 0.85 0.93% 11/15/2010 Cash
Caprius Inc CAPI Vintage Capital Group -- $0.0700 $0.0650 ($0.0050) -7.14% 11/11/2010 Cash
Cascade Financial Corp CASB Opus Bank -- $0.43 $0.45 0.02 4.65% 3/4/2011 Cash
CITADEL BROADCAST CDELA.PK Cumulus Media Inc CMLS $34.15 $36.49 2.34 6.84% 3/10/2011 C&S
Capital Gold Corp CGC Gammon Gold Incorporated GRS $6.08 $6.24 0.16 2.66% 10/7/2010 C&S
Clinical Data Inc CLDA Forest Laboratories Inc FRX $30.35 $30.00 -0.35 -1.15% 2/22/2011 Cash
Center Financial Corp CLFC Nara Bancorp Inc NARA $7.11 $7.27 0.16 2.30% 11/9/2010 Stock
Conexant Systems Inc CNXT Golden Gate Capital -- $2.38 $2.40 0.02 0.84% 2/23/2011 Cash
All American Group Inc COHM American Group Holding -- $0.2600 $0.2000 -0.06 -23.08% 11/8/2010 Cash
Chemspec International Ltd CPC Primavera Capital Management Ltd -- $7.32 $8.10 0.78 10.66% 3/21/2011 Cash
CaraCo Pharmaceutical Laboratories Ltd CPD Sun Pharma (Majority Holder) -- $5.21 $5.25 0.04 0.77% 2/22/2011 Cash
CPEX Pharmaceuticals Inc CPEX Footstar Corp -- $27.19 $27.25 0.06 0.22% 1/4/2011 Cash
Celera Corporation CRA Quest Diagnostics Inc DGX $8.27 $8.00 -0.27 -3.26% 3/18/2011 Cash
Crucell ADR Reptg 1 Ord Shs CRXL Johnson & Johnson JNJ $34.60 $34.79 0.19 0.56% 10/6/2010 Cash
Danvers Bancorp Inc DNBK PeopleS United Financial Inc PBCT $21.45 $21.64 0.19 0.89% 1/20/2011 C&S
Dionex Corp DNEX Thermo Fisher Scientific Inc TMO $117.81 $118.50 0.69 0.59% 12/13/2010 Cash
drugstore.com inc DSCM Walgreen Co WAG $3.89 $3.80 -0.09 -2.31% 3/24/2011 Cash
EnergyConnect Group Inc ECNG Johnson Controls Inc JCI $0.2100 $0.2253 0.02 7.29% 3/7/2011 Cash
Emergency Medical Services Corp EMS Clayton, Dubilier & Rice, LLC -- $63.42 $64.00 0.58 0.91% 2/14/2011 Cash
Endwave Corp ENWV Gigoptix Inc GGOX $2.65 $2.76 0.11 4.25% 2/7/2011 Stock
First Ipswich Bancorp FIWC Brookline Bancorp Inc BRKL $8.10 $8.10 0.00 0.00% 10/27/2010 Cash
Capital Bank & Trust Company FOFC Chemung Financial Corp CHMG $7.90 $8.24 0.34 4.25% 10/15/2010 C&S
Frontier Oil Corp FTO Holly Corp HOC $28.62 $28.77 0.15 0.54% 2/22/2011 Stock
Nicor Inc GAS AGL Resources Inc AGL $53.22 $53.77 0.55 1.04% 12/7/2010 C&S
Genzyme Corp GENZ Sanofi Aventis ADR Each Representing One Half Of One Ord Shs SNY $75.94 $74.00 -1.94 -2.55% 2/16/2011 Cash
The Wilber Corp GIW Community Bank System Inc CBU $9.40 $9.50 0.10 1.06% 10/25/2010 C&S
Global Defense Technology & Systems Inc GTEC Ares Management LLC -- $24.19 $24.25 0.06 0.25% 3/3/2011 Cash
Hudson Holding Corp HDHL Rodman & Renshaw Capital Group Inc RODM $0.0500 $0.0727 0.02 45.34% 1/5/2011 Stock
Herley Industries Inc HRLY Kratos Defense and Security Solutions Inc KTOS $18.99 $19.00 0.01 0.05% 2/7/2011 Cash
Hughes Communications
Inc
HUGH EchoStar Corp SATS $59.76 $60.70 0.94 1.57% 2/14/2011 Cash
Hypercom Corp HYC Verifone Systems Inc PAY $11.45 $12.14 0.69 6.06% 11/17/2010 Stock
L 1 Identity Solutions
Inc
ID Safran -- $11.85 $12.00 0.15 1.27% 9/20/2010 Cash
K-SEA Transportation Partners LP KSP Kirby Corp KEX $8.14 $8.24 0.10 1.26% 3/14/2011 C&S
LaBranche & Co Inc LAB Cowen Group Incorporated COWN $4.02 $4.10 0.08 2.03% 2/17/2011 Stock
Ladish Co Inc LDSH Allegheny Technologies Inc ATI $53.41 $53.65 0.24 0.44% 11/17/2010 C&S
Legacy Bancorp Inc LEGC Berkshire Hills Bancorp Inc BHLB $12.95 $13.42 0.47 3.61% 12/22/2010 C&S
LTX Credence Corp LTXC Verigy Ltd VRGY $8.64 $13.61 4.97 57.56% 11/18/2010 Stock
Lubrizol Corp LZ Berkshire Hathaway Ord Shs Class B BRK.B $133.75 $135.00 1.25 0.93% 3/14/2011 Cash
Emergent Group Inc LZR Universal Hospital Services -- $8.44 $8.46 0.02 0.24% 2/7/2011 Cash
Midcarolina Financial Corp MCFI American National Bankshares Inc AMNB $7.00 $7.25 0.25 3.62% 12/16/2010 Stock
Massey Energy Co MEE Alpha Natural Resources
Inc
ANR $68.23 $71.55 3.32 4.87% 1/31/2011 C&S
Marshall and Ilsley Corp MI Bank Of Montreal BMO $7.76 $7.96 0.20 2.57% 12/17/2010 Stock
Mercer Insurance Group Inc MIGP United Fire & Casualty Co UFCS $28.23 $28.25 0.02 0.07% 12/1/2010 Cash
Newalliance Bancshares
Inc
NAL First Niagara Financial Group Inc FNFG $15.11 $15.15 0.04 0.26% 8/19/2010 C&S
Navisite Incorporated NAVI Time Warner Cable Inc TWC $5.48 $5.50 0.02 0.36% 2/1/2011 Cash
NGAS Resources Inc NGAS Magnum Hunter Resources Corp MHR $0.6200 $0.6472 0.03 4.39% 12/27/2010 Stock
Nationwide Health Properties Inc NHP Ventas Inc VTR $40.64 $40.99 0.35 0.86% 2/28/2011 Stock
National Investment Managers Inc NIVM Stonehenge Opportunity Fund III -- $0.0200 $0.02 0.00 0.00% 3/8/2011 Cash
NovaMed Inc (Illinois) NOVA Surgery Center Holdings -- $13.18 $13.25 0.07 0.53% 1/21/2011 Cash
Novell Inc NOVL Attachmate Corp (Francisco Partners, Golden Gate Capital and
Thoma Bravo)
-- $5.96 $6.10 0.14 2.35% 11/22/2010 Cash
North Penn Bancorp Inc (New) NPBP Norwood Financial Corp NWFL $18.01 $18.61 0.60 3.35% 12/15/2010 C&S
NStar NST Northeast Utilities NU $45.41 $44.80 -0.61 -1.33% 10/18/2010 Stock
Nuloch Resources Inc NULCF Magnum Hunter Resources Corp MHR $2.35 $2.53 0.18 7.56% 1/18/2011 Stock
Omni Bancshares Inc OMBA IBERIABANK Corp IBKC $15.25 $19.17 3.92 25.68% 2/22/2011 Stock
optionsXpress Holdings Inc OXPS The Charles Schwab Corp SCHW $18.26 $18.45 0.19 1.05% 3/21/2011 Stock
Pride International Inc PDE ENSCO PLC ESV $42.97 $43.31 0.34 0.79% 2/7/2011 C&S
Progress Energy Inc PGN Duke Energy Corp DUK $45.35 $46.55 1.20 2.66% 1/10/2011 Stock
ProLogis PLD AMB Property Corp AMB $15.49 $15.53 0.04 0.23% 1/31/2011 Stock
Pennichuck Corp PNNW City of Nashua -- $28.40 $29.00 0.60 2.11% 11/12/2010 Cash
Pre-Paid Legal Services Inc PPD MidOcean Partners -- $66.02 $66.50 0.48 0.73% 2/1/2011 Cash
Qwest Communications International Inc Q CenturyLink Inc CTL $6.79 $6.82 0.03 0.40% 4/22/2010 Stock
RAE Systems Inc RAE Vector Capital -- $1.78 $1.75 -0.03 -1.69% 1/18/2011 Cash
RC2 Corp RCRC Tomy Company -- $28.05 $27.90 -0.15 -0.53% 3/11/2011 Cash
Rehabcare Group Inc RHB Kindred Healthcare Inc KND $36.54 $36.96 0.42 1.15% 2/8/2011 C&S
Rome Bancorp Inc ROME Berkshire Hills Bancorp Inc BHLB $11.52 $11.89 0.37 3.18% 10/12/2010 C&S
Retail Ventures Inc RVI Dsw Inc DSW $16.66 $16.84 0.18 1.10% 2/8/2011 Stock
Sterling Bancshares
Inc
SBIB Comerica Inc CMA $8.58 $8.70 0.12 1.41% 1/18/2011 Stock
Smurfit Stone Container Corp SSCC Rock Tenn Co RKT $38.41 $38.40 -0.01 -0.03% 1/24/2011 C&S
Silverleaf Resorts Inc SVLF Cerberus Capital Management -- $2.44 $2.50 0.06 2.46% 2/4/2011 Cash
Tongjitang Chinese Medicines Co TCM Insiders -- $4.32 $4.50 0.18 4.17% 11/1/2010 Cash
Tgc Industries Inc TGE Dawson Geophysical Co DWSN $7.78 $8.14 0.36 4.58% 3/21/2011 Stock
Talecris Biotherapeutics Holdings Corp TLCR Grifols SA GIFLF $26.31 $30.45 4.14 15.72% 6/7/2010 C&S
Tollgrade Communications Inc TLGD Golden Gate Capital -- $10.03 $10.10 0.07 0.70% 2/25/2011 Cash
Terremark Worldwide Inc TMRK Verizon Communications Inc VZ $18.85 $19.00 0.15 0.80% 1/27/2011 Cash
TomoTherapy Inc TOMO Accuray Incorporated ARAY $4.59 $4.66 0.07 1.48% 3/7/2011 C&S
Union National Financial Corp UNNF Donegal Group Inc DGICA $7.65 $8.25 0.60 7.84% 4/20/2010 C&S
US 1 Industries Inc USOO CEO & CFO -- $1.38 $1.43 0.05 3.62% 2/18/2011 Cash
VCG Holding Corp VCGH Insiders -- $2.22 $2.25 0.03 1.35% 11/10/2010 Cash
Verigy Ltd VRGY Advantest ADR Reptg 1 Ord Shs ATE $14.18 $15.00 0.82 5.78% 3/21/2011 Cash
Wimm-Bill-Dann Foods WBD Pepsico Inc PEP $33.58 $34.27 0.69 2.07% 2/3/2011 Cash
Wilmington Trust Corporation WL M&t Bank Corp MTB $4.45 $4.50 0.05 1.06% 11/1/2010 Stock
Wesco Financial Corp WSC Berkshire Hathaway Ord Shs Class B BRK.B $387.00 $392.91 5.91 1.53% 2/7/2011 Cash
Whitney Holding Corp WTNY Hancock Holding Co HBHC $13.26 $13.54 0.28 2.10% 12/22/2010 Stock
Xeta Technologies Inc XETA PAETEC Holding Corp PAET $5.46 $5.50 0.04 0.73% 2/9/2011 Cash
Zoran Corp ZRAN CSR PLC CSRXF $10.28 $10.82 0.54 5.28% 2/22/2011 Stock

2 comments:

  1. Thanks for putting this work together, it is appreciated. However the last column cuts off. Is it also possible to sort the list or provide the excel sheet to do so? Keep up the good work!

    ReplyDelete
  2. Thank you. I appreciate the feedback and will look into improving the table. It may take a bit of time as I am not well versed in web page layout. In the mean time try shrinking the font as the column is there.

    ReplyDelete