The Risk Arbitrage Report for May 30, 2011

New Deals:

• Golden Gate Capital to acquire California Pizza  (CPKI).
• The Doctors Company to acquire FPIC Insurance Gr (FPIC),
• Bain Capital Partners, LLC to acquire China Fire and Security Group Inc (CFSG).
• Skyworks Solutions  Inc (SWKS) to acquire Advanced Analogic Technologies Inc (AATI).
  

Closed Deals:

• Qualcomm Inc (QCOM) completes acquisition of Atheros Communications Inc (ATHR).
• Clayton, Dubilier & Rice, LLC completes acquisition of Emergency Medical Services Corp (EMS).
• Dsw Inc (DSW) completes acquisition of Retail Ventures Inc (RVI).
• Flowers Foods Inc (FLO) completes acquisition of Tasty Baking Company (TSTY).
• Rock Tenn Co (RKT) completes acquisition of Smurfit Stone Container Corp (SSCC).
  

Updated Deals:

• Vector Capital increases offer for RAE Systems Inc (RAE) to $2.05 from $2.00. And then Vector Capital increases offer for RAE Systems Inc (RAE) to $2.25 from $2.05.
  
• Texas Instruments Inc (TXN) announces that the HSR waiting period has expired in planned merger with National Semiconductor Corp (NSM).
• Caterpillar Inc (CAT) announces that the HSR waiting period has expired in planned merger with Bucyrus International Inc (BUCY).
• Toshiba Medical Systems Corp receives early HSR termination in merger with Vital Images Inc (VTAL).
• Ducommun Inc (DCO) announces that the HSR waiting period has expired in planned merger with LaBarge Inc (LB). {it's there... buried on page 6}
• PPR receives early HSR termination in merger with Volcom Inc (VLCM).
• Silver Lake Partners receives early HSR termination in merger with SMART Modular Tec (SMOD).
• Rehabcare Group Inc (RHB) shareholders approve acquisition by  Kindred Healthcare Inc (KND).
• Spectrum Control Inc (SPEC) shareholders approve acquisition by  API Technologies Corp (ATNY).
• Xeta Technologies Inc (XETA) shareholders approve acquisition by  PAETEC Holding Corp (PAET).

Merger Arbitrage Spreads May 30, 2011

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for May 23, 2011

New Deals:

• Kratos Defense and Security Solutions  Inc (KTOS) to acquire Integral Systems Inc (ISYS).
• TPG Capital to acquire Primedia Inc (PRM).
• Stryker Corp (SYK) to acquire Orthovita Inc (VITA).
• Leeds Equity Partners to acquire Nobel Learning Communities Incorporated (NLCI).

Closed Deals:

• Coleman Cable Inc (CCIX) completes acquisition of Technology Research Corp (TRCI). 
• Thermo Fisher Scientific Inc (TMO) completes acquisition of Dionex Corp (DNEX). 
• M&t Bank Corp (MTB) completes acquisition of Wilmington Trust Corporation (WL).
• CryoLife Inc (CRY) completes acquisition of CardioGenesis Corp (CGCP).
• Quest Diagnostics Inc (DGX) completes acquisition of Celera Corporation (CRA).
• Apax Partners completes acquisition of Epicor Software Corp (EPIC).
• Merck & Co Inc (MRK) completes acquisition of Inspire Pharmaceuticals Inc (ISPH).
• Cerberus Capital Management completes acquisition of Silverleaf Resorts Inc (SVLF).
  

Updated Deals:

• Laboratory Corporation of America Holdings (LH) received a second request for information under HSR in merger with  Orchid Cellmark Incorporated (ORCH).
• Monex Group Inc receives early HSR termination in merger with Tradestation Group Inc (TRAD).
• CenturyLink Inc (CTL) files S-4 in merger with SAVVIS Inc (SVVS).
• Enterprise Products Partners LP (EPD) files S-4 in merger with Duncan Energy Partners LP (DEP).
• Level 3 Communications Incorporated (LVLT) files S-4 in merger with Global Crossing Ltd (GLBC).
• Marshall and Ilsley Corp (MI) shareholders approve acquisition by  Bank Of Montreal (BMO).
• Retail Ventures Inc (RVI) shareholders approve acquisition by  Dsw Inc (DSW).
• Emergency Medical Services Corp (EMS) shareholders approve acquisition by  Clayton, Dubilier & Rice, LLC.

Merger Arbitrage Spreads May 23, 2011

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for May 16, 2011

New Deals:

• Apollo Global Management to acquire CKX Inc (CKXE).
  

Closed Deals:

• Unilever ADR Reptg 1 Ord Shs (UL) completes acquisition of Alberto Culver Co (ACV).
• Donegal Group Inc (DGICA) completes acquisition of Union National Financial Corp (UNNF).
• Allegheny Technologies Inc (ATI) completes acquisition of Ladish Co Inc (LDSH).
• Golden Gate Capital completes acquisition of Tollgrade Communications Inc (TLGD).
  

Updated Deals:

• Walgreen Co (WAG) receives early HSR termination in merger with drugstore.com inc (DSCM).
• EBAY Inc (EBAY) receives early HSR termination in merger with GSI Commerce Inc (GSIC).
• Sterling Bancshares  Inc (SBIB) shareholders approve acquisition by  Comerica Inc (CMA).
• Abington Community Bancorp Inc (ABBC) shareholders approve acquisition by  Susquehanna Bancshares Inc (SUSQ).
• Tollgrade Communications Inc (TLGD) shareholders approve acquisition by  Golden Gate Capital.
• Danvers Bancorp Inc (DNBK) shareholders approve acquisition by  PeopleS United Financial Inc (PBCT).
• Costar Group Inc (CSGP) files S-4 in merger with LoopNet Inc (LOOP).
  

To Read:

• DealBook: Hertz Gets Back Into the Driver’s Seat
• DealBook: Apollo to Buy Out ‘American Idol’ Owner

Merger Arbitrage Spreads May 16, 2011

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for May 9, 2011

New Deals:

•  Access Industries to acquire Warner Music Group Corp (WMG).
• Teva Pharmaceutical Industries (TEVA) to acquire Cephalon Inc (CEPH).
• Applied Materials  Inc (AMAT) to acquire Varian Semiconductor Equipment Associates  Inc (VSEA).
• Arch Coal Inc (ACI) to acquire International Coal Group Inc (ICO). 
• INC Research, LLC to acquire Kendle International Inc (KNDL).
• PPR to acquire Volcom Inc (VLCM).

Closed Deals:

• Southwest Airlines Co (LUV) completes acquisition of AirTran Holdings Inc (AAI).
• Surgery Center Holdings completes acquisition of NovaMed Inc (Illinois) (NOVA).

Updated Deals:

• Chesapeake Energy Corp (CHK) receives early HSR termination in merger with Bronco Drilling Co  Inc (BRNC).
• Valitás Health Services receives early HSR termination in merger with America Service Group Inc (ASGR). 
• API Technologies Corp (ATNY) receives early HSR termination in merger with Spectrum Control Inc (SPEC).
• Endo Pharmaceuticals Holding Inc (ENDP) receives early HSR termination in merger with American Medical Systems Holdings Inc (AMMD).
• Kirby Corp (KEX) files S-4 in merger with K-SEA Transportation Partners LP (KSP).

To Read:

• DealBook: ConAgra Deals in the Show-Me State
• DealBook: Handicapping the Battle Over NYSE Euronext

Merger Arbitrage Spreads May 9, 2011

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for May 2, 2011

New Deals:

• Exelon Corp (EXC) to acquire Constellation Energy Group Inc (CEG).
• Golden Gate Capital to acquire Lawson Software Inc (LWSN). 
• CenturyLink Inc (CTL) to acquire SAVVIS Inc (SVVS).
• Costar Group Inc (CSGP) to acquire LoopNet Inc (LOOP).
• Toshiba Medical Systems Corp to acquire Vital Images Inc (VTAL).
• Enterprise Products Partners LP (EPD) to acquire Duncan Energy Partners LP (DEP).
• Valley National Bancorp (VLY) to acquire State Bancorp Inc (STBC).
• Silver Lake Partners to acquire SMART Modular Technologies Inc (SMOD). 
• FNB United Corp (FNBN) to acquire Bank of Granite Corp (GRAN).

Closed Deals:

• Attachmate Corp (Francisco Partners, Golden Gate Capital and Thoma Bravo) completes acquisition of Novell Inc (NOVL).
• Tomy Company completes acquisition of RC2 Corp (RCRC).

Updated Deals:

• Merck & Co Inc (MRK) announces that the HSR waiting period has expired in planned merger with Inspire Pharmaceuticals Inc (ISPH).
• The Charles Schwab Corp (SCHW) receives early HSR termination in merger with optionsXpress Holdings Inc (OXPS).
• Lextron and Leonard Green & Partners announces that the HSR waiting period has expired in planned merger with Animal Health International Inc (AHII).
• Accuray Incorporated (ARAY) announces that the HSR waiting period has expired in planned merger with TomoTherapy Inc (TOMO).
• Whitney Holding Corp (WTNY) shareholders approve acquisition by  Hancock Holding Co (HBHC).

To Read:

• DealBook: When Arbs Attack: The Battle Over Celera

Merger Arbitrage Spreads May 2, 2011

The latest stock merger arbitrage spreads: