The Risk Arbitrage Report for March 28, 2011

New Deals:

• The Charles Schwab Corp (SCHW) to acquire optionsXpress Holdings Inc (OXPS).
• Walgreen Co (WAG) to acquire drugstore.com inc (DSCM).
• Dawson Geophysical Co (DWSN) to acquire Tgc Industries  Inc (TGE).
• Primavera Capital Management Ltd (--) to acquire Chemspec International Ltd (CPC).

Busted Deals:

• Bayside Capital Partners terminates agreement with Majestic Capital Ltd (MAJC).

Closed Deals:

• Great Point Partners completes acquisition of American Surgical Hldg  Inc (ASRG).

Updated Deals:

• Holly Corp (HOC) files S-4 in merger with Frontier Oil Corp (FTO).
• Holly Corp (HOC) receives early HSR termination in merger with Frontier Oil Corp (FTO).
• Global Defense Technology & Systems Inc (GTEC) announces that the HSR waiting period has expired in planned merger with Ares Management LLC.
• AirTran Holdings Inc (AAI) shareholders approve acquisition by  Southwest Airlines Co (LUV).
• Wilmington Trust Corporation (WL) shareholders approve acquisition by  M&t Bank Corp (MTB). 
• Capital Bank & Trust Company (FOFC) shareholders approve acquisition by  Chemung Financial Corp (CHMG).
• Kindred Healthcare Inc (KND) files S-4 in merger with Rehabcare Group Inc (RHB).
• Kratos Defense and Security Solutions  Inc (KTOS) completes tender offer for Herley Industries Inc (HRLY).