The Risk Arbitrage Report for Dec 12, 2011

New Deals:

• International Business Machines Corp (IBM) to acquire DemandTec Inc (DMAN).
• Thoma Bravo, LLC to acquire Blue Coat Systems Inc (BCSI).
• Beneficial Mutual Bancorp  Inc (BNCL) to acquire SE Financial Corp (Philadelphia) (SEFL).
• Prosperity Bancshares Inc (PRSP) to acquire East Texas Financial Services Inc (FFBT).

Closed Deals:

• The Carlyle Group and Hellman & Friedman completes acquisition of Pharmaceutical Product Development Inc (PPDI).
• AGL Resources Inc (AGL) completes acquisition of Nicor Inc (GAS).
• Statoil (STO) completes acquisition of Brigham Exploration Co (BEXP).

Updated Deals:

• Alleghany Corp (Y) files S-4 in merger with Transatlantic Holdings Inc (TRH).
• Kinder Morgan Inc (KMI) received a second request for information under HSR in merger with  El Paso Corp (EP).
• Oracle Corp (ORCL) received a second request for information under HSR in merger with  RightNow Technologies Inc (RNOW).
• State Bancorp Inc (STBC) shareholders approve acquisition by Valley National Bancorp (VLY).
• Laboratory Corporation of America Holdings (LH) receives early HSR termination in merger with Orchid Cellmark Inc (ORCH).
• Temple Inland Inc (TIN) shareholders approve acquisition by International Paper Co (IP).
• Southern Union Co (SUG) shareholders approve acquisition by Energy Transfer Equity LP (ETE).

To Read:

• GuruFocus: Evaluating Warren Buffett's Arbitrage Strategy
• WSJ: Meet the Most Acquisitive Company in America
• WSJ: M&A Market Barely Above Water for 2011