The Risk Arbitrage Report for June 27, 2011

New Deals:

• Susquehanna Bancshares Inc (SUSQ) to acquire Tower Bancorp Inc (TOBC).
• Tianfu Yang (Chairman & CEO) to acquire Harbin Electric Inc (HRBN).
• Eastman Chemical Co (EMN) to acquire Sterling Chemicals Inc (SCHI.PK).

Closed Deals:

• EBAY Inc (EBAY) completes acquisition of GSI Commerce Inc (GSIC).
• Endo Pharmaceuticals Holding Inc (ENDP) completes acquisition of American Medical Systems Holdings Inc (AMMD).
• Apollo Global Management completes acquisition of CKX Inc (CKXE).
• PPR completes acquisition of Volcom Inc (VLCM).
• Berkshire Hathaway Ord Shs Class B (BRK.B) completes acquisition of Wesco Financial Corp (WSC).

Updated Deals:

• Legacy Bancorp Inc (LEGC) shareholders approve acquisition by  Berkshire Hills Bancorp Inc (BHLB).
• National Semiconductor Corp (NSM) shareholders approve acquisition by  Texas Instruments Inc (TXN).
• LaBarge Inc (LB) shareholders approve acquisition by  Ducommun Inc (DCO).
• The Doctors Company receives early HSR termination in merger with FPIC Insurance Group Inc (FPIC).

To Read:

• footnoted*: No wonder it’s hostile at Southern Union…

Merger Arbitrage Spreads June 27, 2011

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for June 20, 2011

New Deals:

• Energy Transfer Equity LP (ETE) to acquire Southern Union Co (SUG).
• VF Corp (VFC) to acquire The Timberland Company (TBL).
• Allied World Assurance Co Hldg AG (AWH) to acquire Transatlantic Holdings Inc (TRH).
• Honeywell International Inc (HON) to acquire EMS Technologies Inc (ELMG).
• Vector Capital Corp to acquire Gerber Scientific Inc (GRB).
• Fnb Corp (FNB) to acquire Parkvale Financial Corp (PVSA).
• DG FastChannel Inc (DGIT) to acquire Mediamind Technologies Inc (MDMD).
• Reynolds Group Holdings to acquire Graham Packaging Co Inc (GRM).

Busted Deals:

• Graham Packaging Co Inc (GRM) terminates agreement with Silgan Holdings Inc (SLGN).

Closed Deals:

• Accuray Incorporated (ARAY) completes acquisition of TomoTherapy Inc (TOMO).
• CNA Financial Corp (CNA) completes acquisition of CNA Surety Corp (SUR).
• Toshiba Medical Systems Corp completes acquisition of Vital Images Inc (VTAL).
• Vector Capital completes acquisition of RAE Systems Inc (RAE).
• Arch Coal Inc (ACI) completes acquisition of International Coal Group Inc (ICO).
• Sun Pharma (Majority Holder) completes acquisition of Caraco Pharmaceutical Laboratories Ltd (CPD).
• Gigoptix  Inc (GGOX) completes acquisition of Endwave Corp (ENWV).

Updated Deals:

• Applied Materials  Inc (AMAT) received a second request for information under HSR in merger with  Varian Semiconductor Equipment Associates  Inc (VSEA).
• Stryker Corp (SYK) received a second request for information under HSR in merger with  Orthovita Inc (VITA).
• AES Corp (AES) receives early HSR termination in merger with DPL Inc (DPL).
• Leeds Equity Partners receives early HSR termination in merger with Nobel Learning Communities Incorporated (NLCI).
• Nicor Inc (GAS) shareholders approve acquisition by  AGL Resources Inc (AGL).
• American Medical Systems Holdings Inc (AMMD) shareholders approve acquisition by  Endo Pharmaceuticals Holding Inc (ENDP).
• CaraCo Pharmaceutical Laboratories Ltd (CPD) shareholders approve acquisition by  Sun Pharma (Majority Holder).
• LaBranche & Co Inc (LAB) shareholders approve acquisition by  Cowen Group Incorporated (COWN).
• Midcarolina Financial Corp (MCFI) shareholders approve acquisition by  American National Bankshares Inc (AMNB).
• American Medical Systems Holdings Inc (AMMD) shareholders approve acquisition by  Endo Pharmaceuticals Holding Inc (ENDP).
• Pennichuck Corp (PNNW) shareholders approve acquisition by  City of Nashua.
• CSR PLC (CSRXF) updates merger consideration in merger with Zoran Corp (ZRAN).
• Skyworks Solutions  Inc (SWKS) files S-4 in merger with Advanced Analogic Technologies Inc (AATI).

To Read:

• footnoted*: A taste of the Savvis merger pudding…
• DealBook: New Deals With Old-Style Risk

Merger Arbitrage Spreads June 20, 2011

Merger Arbitrage Spreads June TBD, 2011The latest stock merger arbitrage spreads.

The Risk Arbitrage Report for June 13, 2011

New Deals:

• Merge Healthcare Inc (MRGE) to acquire Ophthalmic Imaging Systems (OISI).
• Citi Venture Capital International to acquire Ness Technologies Inc (NSTC).

Closed Deals:

• Hancock Holding Co (HBHC) completes acquisition of Whitney Holding Corp (WTNY).
• EchoStar Corp (SATS) completes acquisition of Hughes Communications  Inc (HUGH).
• Lextron and Leonard Green & Partners completes acquisition of Animal Health International Inc (AHII).
• Monex Group Inc completes acquisition of Tradestation Group Inc (TRAD).
• Chesapeake Energy Corp (CHK) completes acquisition of Bronco Drilling Company (BRNC).

Updated Deals:

• Brookline Bancorp Inc (BRKL) files S-4 in merger with Bancorp Rhode Island Inc (BARI).
• Dawson Geophysical Co (DWSN) files S-4 in merger with Tgc Industries  Inc (TGE).
• Kratos Defense and Security Solutions  Inc (KTOS) files S-4 in merger with Integral Systems Inc (ISYS).
• Kratos Defense and Security Solutions  Inc (KTOS) receives early HSR termination in merger with Integral Systems Inc (ISYS).
• Lubrizol Corp (LZ) shareholders approve acquisition by  Berkshire Hathaway Ord Shs Class B (BRK.B). 
• Advantest ADR (ATE) receives early HSR termination in merger with Verigy Ltd (VRGY).

To Read:

• The Deal: Risk Arbitrage

Merger Arbitrage Spreads June 13, 2011

The last stock merger arbitrage spreads:

The Risk Arbitrage Report for June 6, 2011

New Deals:

• Bankunited Inc (BKU) to acquire Herald National Bank (HNB).
• Consortium of insiders to acquire Funtalk China Holdings Ltd (FTLK).
• Fortis Inc (FRTSF) to acquire Central Vermont Public Service Corp (CV).
• Schneider Electric to acquire Telvent Git SA (TLVT).

Closed Deals:

• Microsemi Corp (MSCC) completes acquisition of AML Communications Inc (AMLJ).
• Valitás Health Services completes acquisition of America Service Group Inc (ASGR).
• Walgreen Co (WAG) completes acquisition of drugstore.com inc (DSCM).
• Alpha Natural Resources  Inc (ANR) completes acquisition of Massey Energy Co (MEE).
• ENSCO PLC (ESV) completes acquisition of Pride International (PDE).
• AMB Property Corp (AMB) completes acquisition of ProLogis (PLD).
• Kindred Healthcare Inc (KND) completes acquisition of Rehabcare Group Inc (RHB).
• API Technologies Corp (ATNY) completes acquisition of Spectrum Control Inc (SPEC).
• Grifols SA (GIFLF) completes acquisition of Talecris Biotherapeutics Holdings Corp (TLCR).
• PAETEC Holding Corp (PAET) completes acquisition of Xeta Technologies Inc (XETA).
• Norwood Financial Corp (NWFL) completes acquisition of North Penn Bancorp Inc (New) (NPBP).

Updated Deals:

• Golden Gate Capital  receives early HSR termination in merger with Lawson Software Inc (LWSN).
• Apollo Global Management receives early HSR termination in merger with CKX Inc (CKXE).
• Arch Coal Inc (ACI) receives early HSR termination in merger with International Coal Group Inc (ICO).
• Silgan Holdings Inc (SLGN) announces that the HSR waiting period has expired in planned merger with Graham Packaging Co Inc (GRM).
• Silgan Holdings Inc (SLGN) files S-4 in merger with Graham Packaging Co Inc (GRM).
• Dawson Geophysical Co (DWSN) received a second request for information under HSR in merger with  Tgc Industries  Inc (TGE).
  

Merger Arbitrage Spreads June 6, 2011

The latest stock merger arbitrage spreads: