The Risk Arbitrage Report: September 2012

Sunday, September 30, 2012

Here is the last two weeks of deal news.

New Deals:

Danaher Corp (DHR) to acquire IRIS International Inc (IRIS).
Medtronic Inc (MDT) to acquire China Kanghui Holdings (KH).
Tempur-Pedic International Inc (TPX) to acquire Sealy Corp (ZZ).
Cypress Semiconductor Corp (CY) to acquire Ramtron International Corp (RMTR).
BGI-Shenzhen to acquire Complete Genomics Inc (GNOM).
Nuance Communications Inc (NUAN) to acquire Ditech Networks Inc (DITC).
Digital River Inc (DRIV) to acquire LML Payment Systems Inc (LMLP).
Sidewinder Drilling Inc to acquire Union Drilling Inc (UDRL).
Aquiline Capital Partners LLC to acquire First Investors Financial Services Group Inc (FIFS).
Crescent Financial Bancshares Inc (CRFN) to acquire ECB Bancorp Inc (ECBE).
Columbia Banking System Inc (COLB) to acquire West Coast Bancorp (WCBO).
Management to acquire China Nuokang Bio Pharmaceutical Inc (NKBP).

Closed Deals:

Dell Inc (DELL) completes acquisition of Quest Software Inc (QSFT).
TPG Capital completes acquisition of Par Pharmaceutical Companies Inc (PRX).
Forestar Group Inc (FOR) completes acquisition of Credo Petroleum Corp (CRED).
Lee Equity Partners, LLC completes acquisition of Edelman Financial Group Inc (EF).
Sagard Capital Partners, L.P. completes acquisition of IntegraMed America Inc (INMD).
UNICOM Systems, Inc. completes acquisition of Network Engines Inc (NEI).
Management completes acquisition of Kenneth Cole Productions Inc (KCP).
Peoples Bancorp Inc (PEBO) completes acquisition of Sistersville Bancorp Inc (SVBC).
Old National Bancorp (ONB) completes acquisition of Indiana Community Bancorp (INCB).
Glendon Group, Inc. completes acquisition of Bidz.Com Inc (BIDZ).
Camden Partners Holdings completes acquisition of New Horizons Worldwide Inc (NWRZ).

Updated Deals:

Markwins International Corp to acquire Physicians Formula Holdings Inc (FACE) which terminates the agreement with Swander Pace Capital.
SAP (SAP) announces that the HSR waiting period has been terminated in planned merger with Ariba Inc (ARBA).

The latest stock merger arbitrage spreads:

New Deals:

The latest stock merger arbitrage spreads:

New Deals:

Valeant Pharmaceuticals International Inc (VRX) to acquire Medicis Pharmaceutical Corp (MRX).
Realty Income Corp (O) to acquire American Realty Capital Trust Inc (ARCT).

Closed Deals:

Spectrum Pharmaceuticals Inc (SPPI) completes acquisition of Allos Therapeutics Inc (ALTH).

Updated Deals:

Fidelity National Financial, Inc. (FNF) increases offer for J Alexander's Corp (JAX) to $14.50 from $13.

The latest stock merger arbitrage spreads:

New Deals:

International Business Machines Corp (IBM) to acquire Kenexa Corp (KNXA).
M&T Bank Corp (MTB) to acquire Hudson City Bancorp Inc (HCBK).
First Reserve Corporation and SK Capital Partners to acquire TPC Group Inc (TPCG).
Thoma Bravo to acquire Deltek Inc (PROJ).
Enstar Group Ltd (ESGR) to acquire Seabright Holdings Inc (SBX).
Validus Holdings Ltd (VR) to acquire Flagstone Reinsurance Holdings SA (FSR).

Closed Deals:

Sonus Networks Inc (SONS) completes acquisition of Network Equipment Technologies Inc (NWK).
Melrose PLC completes acquisition of Elster Group SE (ELT).

Updated Deals:

Spectrum Pharmaceuticals Inc (SPPI) announces FTC Clears transaction with Allos Therapeutics Inc (ALTH).
Interline Brands Inc (IBI) shareholders approve acquisition by GS Capital Partners.
Ariba Inc (ARBA) shareholders approve acquisition by SAP (SAP).

The latest stock merger arbitrage spreads: