The Risk Arbitrage Report for Jan 1, 2018

New Deals:

• Mallinckrodt PLC (MNK) to acquire Sucampo Pharmaceuticals, Inc. (SCMP).
• Euronav NV (EURN) to acquire Gener8 Maritime Inc (GNRT).

Busted Deals:

• SandRidge Energy Inc. (SD) terminates agreement with Bonanza Creek Energy Inc (BCEI).

Closed Deals:

• Becton Dickinson and Co (BDX) completes acquisition of C R Bard Inc (BCR).
• Liberty Interactive QVC Group (QVCA) completes acquisition of HSN, Inc. (HSNI).
• SoftBank Group Corp (SFTBF) completes acquisition of Fortress Investment Group LLC (FIG).
• Elliott Management completes acquisition of Gigamon Inc (GIMO).
• Warburg Pincus completes acquisition of Arc Logistics Partners LP (ARCX).
• Brookfield Asset Management (BAM) completes acquisition of TerraForm Global Inc (GLBL).
• Altus Capital Partners completes acquisition of MGC Diagnostics Corp (MGCD).
• Management completes acquisition of HNZ Group Inc. [$CDN] (HNZ.TO).

Merger Arbitrage Spreads Jan 1, 2018

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Dec 25, 2017

New Deals:

• TPG Capital, and Welsh, Carson, Anderson & Stowe and Humana Inc to acquire Kindred Healthcare, Inc. (KND).
• Campbell Soup Company (CPB) to acquire Snyder's-Lance Inc (LNCE).
• Hershey Co (HSY) to acquire Amplify Snack Brands Inc (BETR).
• McDermott International Inc (MDR) to acquire Chicago Bridge & Iron Company (CBI).
• Roche Holding Ltd. (ADR) (RHHBY) to acquire Ignyta Inc (RXDX).
• Penn National Gaming, Inc (PENN) to acquire Pinnacle Entertainment Inc (PNK).
• Aura Minerals (ORA.TO) to acquire Rio Novo Gold (RN.TO).
• First Foundation Inc (FFWM) to acquire PBB Bancorp (PBCA).
• Heritage Commerce Corp. (HTBK) to acquire Tri-Valley Bank (TRVB).

Closed Deals:

• NRD Capital completes acquisition of Ruby Tuesday, Inc. (RT).
• First Eagle Investment Management completes acquisition of NewStar Financial Inc (NEWS).
• Fintrax Group completes acquisition of Planet Payment Inc (PLPM).
• Cooke Inc completes acquisition of Omega Protein Corporation (OME).
• Select Bancorp Inc (SLCT) completes acquisition of Premara Financial (PARA).

Merger Arbitrage Spreads Dec 25, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Dec 18, 2017

New Deals:

• Walt Disney Co (DIS) to acquire Twenty-First Century Fox Inc (FOXA).
• Xylem Inc (XYL) to acquire Pure Technologies Ltd. (PPEHF).
• Allergan plc (AGN) to acquire Repros Therapeutics Inc (RPRX).
• Management to acquire TCP International Holdings, Ltd (TCPIF).
• TriCo Bancshares (TCBK) to acquire FNB Bancorp (FNBG).
• Union Savings and Loan Association to acquire Hibernia Bancorp Inc (HIBE).
• First Mid-Illinois Bancshares, (FMBH) to acquire First BancTrust Corporation (FIRT).
• South Atlantic Bancshares (SABK) to acquire Atlantic Bancshares (ATBA).

Closed Deals:

• Nabors Industries Ltd. (NBR) completes acquisition of Tesco Corporation (USA) (TESO).
• Mallinckrodt PLC (MNK) completes acquisition of Ocera Therapeutics Inc (OCRX).
• Utz Quality Foods completes acquisition of Inventure Foods Inc (SNAK).
• Bryn Mawr Bank Corp. (BMTC) completes acquisition of Royal Bancshares of Pennsylvania (RBPAA).

Merger Arbitrage Spreads Dec 18, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Dec 11, 2017

New Deals:

• CVS Health Corp (CVS) to acquire Aetna Inc (AET).
• Silicon Laboratories (SLAB) to acquire Sigma Designs Inc (SIGM).
• Stryker Corporation (SYK) to acquire Entellus Medical Inc (ENTL).
• Prysmian Group (PRYMY) to acquire General Cable Corporation (BGC).
• First Bancshares Inc (FBMS) to acquire Sunshine Financial Inc (SSNF).

Closed Deals:

• KKR, with Walgreens Boots Alliance, Inc completes acquisition of PharMerica Corporation (PMC).
• Sierra Wireless, Inc. (USA) (SWIR) completes acquisition of Numerex Corp. (NMRX).
• Italmatch Chemicals Group completes acquisition of Detrex Corporation (DTRX).

Merger Arbitrage Spreads Dec 11, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Dec 4, 2017

New Deals:

• Meredith Corporation (MDP) to acquire Time Inc (TIME).
• Arby’s Restaurant Group to acquire Buffalo Wild Wings (BWLD).
• Marlin Equity Partners to acquire Bazaarvoice Inc (BV).
• Altus Capital Partners to acquire MGC Diagnostics Corp (MGCD).
• Thoma Bravo to acquire Barracuda Networks Inc (CUDA).

Closed Deals:

• CF Corp (CFCO) completes acquisition of Fidelity & Guaranty Life (FGL).
• South State Corp (SSB) completes acquisition of Park Sterling Corp (PSTB).
• First Horizon National Corp (FHN) completes acquisition of Capital Bank Financial Corp (CBF).
• Icynene U.S. Holding Corp. completes acquisition of LaPolla Industries, Inc. (LPAD).

Merger Arbitrage Spreads Dec 4, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Nov 27, 2017

New Deals:

• Marvell Technology Group Ltd. (MRVL) to acquire Cavium Inc (CAVM).
• LHC Group, Inc. (LHCG) to acquire Almost Family Inc (AFAM).

Closed Deals:

• Avantor completes acquisition of VWR Corp (VWR).
• Rayonier Advanced Materials In (RYAM) completes acquisition of Tembec Inc [C$] (TMB.TO).
• Alamos Gold (AGI) completes acquisition of Richmont Mines Inc. (USA) (RIC).
• Project Diamond Intermediate Holdings Corp completes acquisition of Onvia, Inc. (ONVI).
• Bank of Marin Bancorp (BMRC) completes acquisition of Bank of Napa (BNNP).

Merger Arbitrage Spreads Nov 27, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Nov 20, 2017

New Deals:

• Vistra Energy Corp (VST) to acquire Dynegy Inc (DYN).
• Lennar Corporation (LEN) to acquire CalAtlantic Group Inc (CAA).
• Strayer Education Inc (STRA) to acquire Capella Education Company (CPLA).
• Management to acquire JA Solar Holdings Co (JASO).
• Mallinckrodt PLC (MNK) to acquire Ocera Therapeutics Inc (OCRX).
• Novartis AG (ADR) (NVS) to acquire Advanced Accelerator Applications (AAAP).
• Delek US Holdings Inc (DK) to acquire Alon USA Partners LP (ALDW).
• American Midstream Partners LP (AMID) to acquire Southcross Energy Partners LP (SXE).
• SandRidge Energy Inc. (SD) to acquire Bonanza Creek Energy Inc (BCEI).
• Frutarom (FRUTF) to acquire Enzymotec Ltd (ENZY).
• B. Riley Financial Inc (RILY) to acquire magicJack VocalTec Ltd (CALL).
• Management to acquire HNZ Group Inc. (HNZ.TO).
• Italmatch Chemicals Group to acquire Detrex Corporation (DTRX).
• Old Point Financial Corporatio (OPOF) to acquire Citizens National Bank (CNBV).
• CB Financial Services Inc (CBFV) to acquire First West Virginia Bancorp (FWVB).
• Spencer Savings Bank to acquire Wawel Bank (WAWL).
• Kearny Financial Corp. (KRNY) to acquire Clifton Bancorp Inc (CSBK).
• Ameris Bancorp (ABCB) to acquire Atlantic Coast Financial Corp (ACFC).
• Suncrest Bank (SBKK) to acquire CBBC Bancorp (CBBC).
• WesBanco Inc (WSBC) to acquire First Sentry Bancshares (FTSB).

Closed Deals:

• Broadcom Ltd (AVGO) completes acquisition of Brocade Communications Systems (BRCD).
• Markel Corporation (MKL) completes acquisition of State National Companies Inc (SNC).
• Red Ventures completes acquisition of Bankrate, Inc (RATE).
• Centurylink Inc (CTL) completes acquisition of Level 3 Communications (LVLT).
• Optum & Vista Equity Partners completes acquisition of The Advisory Board Company (ABCO).
• Michael Kors Holdings Ltd (KORS) completes acquisition of Jimmy Choo PLC (JYMHF).
• EQT Corporation (EQT) completes acquisition of Rice Energy Inc (RICE).
• EQT Infrastructure completes acquisition of Lumos Networks Corp (LMOS).
• Andeavor Logistics LP (ANDX) completes acquisition of Western Refining Logistics LP (WNRL).
• Dassault Systèmes (DSY.PA) completes acquisition of Exa Corp (EXA).
• Invitation Homes Inc (INVH) completes acquisition of Starwood Waypoint Homes (SFR).
• The Washington Companies completes acquisition of Dominion Diamond Corp (DDC).
• US Concrete Inc (USCR) completes acquisition of Polaris Materials Corp [$cdn] (PLS.TO).
• Ultragenyx Pharmaceutical Inc (RARE) completes acquisition of Dimension Therapeutics Inc (DMTX).
• InVitae Corp (NVTA) completes acquisition of CombiMatrix Corp (CBMX).
• Pacific Premier Bancorp, Inc. (PPBI) completes acquisition of Plaza Bancorp (PLZZ).
• First Foundation Inc (FFWM) completes acquisition of Community 1st Bancorp (CFBN).
• Columbia Banking System Inc (COLB) completes acquisition of Pacific Continental Corp (PCBK).
• Carolina Financial Corp (CARO) completes acquisition of First South Bancorp (FSBK).
• BayCom Corp  (BCML) completes acquisition of Plaza Bank (PZBW).

Merger Arbitrage Spreads Nov 20, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Oct 30, 2017

New Deals:

• Cisco Systems, Inc. (CSCO) to acquire BroadSoft Inc (BSFT).
• TPG Capital to acquire Exactech, Inc. (EXAC).
• Potlatch Corporation (PCH) to acquire Deltic Timber Corp (DEL).
• Fintrax Group to acquire Planet Payment Inc (PLPM).
• Utz Quality Foods to acquire Inventure Foods Inc (SNAK).
• Bangor Bancorp to acquire First Colebrook Bancorp (FCNH).
• Peoples Bancorp Inc. (PEBO) to acquire ASB Financial Corp. (OH) (ASBN).

Busted Deals:

• Clariant (CLZNY) terminates agreement with Huntsman Corporation (HUN).

Closed Deals:

• PacWest Bancorp (PACW) completes acquisition of CU Bancorp (CUNB).

Merger Arbitrage Spreads Oct 30, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Oct 23, 2017

New Deals:

• NRD Capital to acquire Ruby Tuesday, Inc. (RT).
• First Eagle Investment Management to acquire NewStar Financial Inc (NEWS).
• Neovia S.A.S. to acquire Epicore BioNetworks (EBN.V).

Closed Deals:

• IAC/InterActiveCorp (IAC) completes acquisition of Angie's List Inc (ANGI).
• Harland Clarke Holdings completes acquisition of MaxPoint Interactive Inc (MXPT).
• Apollo Global Management LLC (APO) completes acquisition of West Corp (WSTC).
• Fortive Corp (FTV) completes acquisition of Landauer Inc (LDR).
• GL Capital Management, Bank of China Group Investment, CDH Investments, Ascendent Capital Partners and Boying  complete acquisition of SciClone Pharmaceuticals, Inc. (SCLN).
• Canada Pension Plan Investment Board completes acquisition of Parkway Inc (PKY).
• Steel Partners Holdings LP (SPLP.A) completes acquisition of Handy & Harman Ltd (HNH).

• Mitsubishi Tanabe Pharma Corp completes acquisition of Neuroderm Ltd (NDRM).
• Horizon Bancorp (HBNC) completes acquisition of WOLVERINE BANCORP, INC. (WBKC).
• Simmons First National Corpora (SFNC) completes acquisition of Southwest Bancorp, Inc. (OKSB).

To Read:

• Jones Day | Looking Beyond the Recent CFIUS Annual Report

Merger Arbitrage Spreads Oct 23, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Oct 9, 2017

New Deals:

• Cooke Inc to acquire Omega Protein Corporation (OME).
• METRO INC (MRU.TO) to acquire The Jean Coutu Group (PJC.A.TO).
• Dimension Therapeutics Inc (DMTX) agrees to be acquired by Ultragenyx Pharmaceutical Inc (RARE) and terminates deal with Regenxbio Inc  (RGNX).
• Icynene U.S. Holding Corp.  to acquire LaPolla Industries, Inc. (LPAD).
• Project Diamond Intermediate Holdings Corp to acquire Onvia, Inc. (ONVI).

Closed Deals:

• D.R. Horton, Inc. (DHI) completes acquisition of Forestar Group Inc. [partial] (FOR).
• Gilead Sciences, Inc. (GILD) completes acquisition of Kite Pharma Inc (KITE).
• Abbott Laboratories (ABT) completes acquisition of Alere Inc (ALR).
• Caesars Entertainment Corp (CZR) completes acquisition of Caesars Acquisition Company (CACQ).
• United Rentals, Inc. (URI) completes acquisition of Neff Corp (NEFF).
• MacDonald, Dettwiler and Associates Ltd. (MDDWF) completes acquisition of DigitalGlobe Inc (DGI).
• ENSCO PLC (ESV) completes acquisition of Atwood Oceanics, Inc. (ATW).
• Pembina Pipeline Corp (PBA) completes acquisition of Veresen Inc. (FCGYF).
• Riverview Financial Corp (RIVE) completes acquisition of CBT Financial Corp. (CBTC).
• First Bancorp (FBNC) completes acquisition of ASB Bancorp Inc (ASBB).
• Government Properties Income Trust (GOV) completes acquisition of First Potomac Realty Trust (FPO).
• Central Valley Community Banco (CVCY) completes acquisition of Folsom Lake Bank (FOLB).
• Sterling Bancorp (STL) completes acquisition of Astoria Financial Corp (AF).
• Sierra Bancorp (BSRR) completes acquisition of OCB Bancorp (OJCB).
• Seacoast Commerce Banc Holdings (SCBH) completes acquisition of Capital Bank (CBJC).

To Read:

• FTC, DOJ Issue Fiscal Year 2016 Hart Scott Rodino Premerger Notification Report | Federal Trade Commission

Merger Arbitrage Spreads Oct 9, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Oct 2, 2017

New Deals:

• Dassault Systèmes (DSY.PA) to acquire Exa Corp (EXA).
• Polaris Materials Corp (PLS.TO) agrees to be acquired by US Concrete Inc (USCR) and terminates deal with Vulcan Materials Company  (VMC).
• Old Line Bancshares, Inc. (MD) (OLBK) to acquire Bay Bancorp Inc (BYBK).

Closed Deals:

• Bass Pro Shop completes acquisition of Cabelas Inc (CAB).
• BorgWarner Inc. (BWA) completes acquisition of Sevcon Inc (SEV).
• Mitel Networks Corp (MITL) completes acquisition of ShoreTel Inc (SHOR).
• Wabash National Corporation (WNC) completes acquisition of Supreme Industries, Inc. (STS).
• Intact Financial Corp (IFCZF) completes acquisition of OneBeacon Insurance Group, Ltd (OB).
• Pamplona Capital Management completes acquisition of PAREXEL International Corporat (PRXL).
• Bearing Resources Ltd (BRGRF) completes acquisition of Li3 Energy Inc (LIEG).
• Home Bancshares Inc (HOMB) completes acquisition of Stonegate Bank (SGBK).
• Bank McKenney (VA) (BOMK) completes acquisition of CCB Bankshares (CZYB).
• Management completes acquisition of Zhaopin Ltd (ADR) (ZPIN).

Merger Arbitrage Spreads Oct 2, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Sep 25, 2017

New Deals:

• Post Holdings Inc (POST) to acquire Bob Evans Farms Inc (BOBE).
• Northrop Grumman Corporation (NOC) to acquire Orbital ATK Inc (OA).
• Kuraray Co., Ltd to acquire Calgon Carbon Corporation (CCC).
• Itron, Inc. (ITRI) to acquire Silver Spring Networks Inc (SSNI).
• Scientific Games Corp (SGMS) to acquire NYX Gaming Group Limited (NXXYF).
• CRH plc to acquire Ash Grove Cement Co (ASHG).

Closed Deals:

• Apollo Global Management LLC (APO) completes acquisition of ClubCorp Holdings Inc (MYCC).
• Arsenal Capital Partners completes acquisition of Cyalume Technologies Holdings, (CYLU).
• Peoples Natural Gas completes acquisition of Delta Natural Gas Company, Inc (DGAS).
• Greystar Growth and Income Fund completes acquisition of Monogram Residential Trust Inc (MORE).
• First Bank (FRBA) completes acquisition of Bucks County Bank (BKCS).

Merger Arbitrage Spreads Sep 25, 2017

The latest stock merger arbitrage spreads:

The Risk Arbitrage Report for Sep 18, 2017

New Deals:

• Alamos Gold (AGI) to acquire Richmont Mines Inc. (USA) (RIC).
• LiveXLive Media, Inc (LIVX) to acquire Snap Interactive Inc (STVI).

Busted Deals:

• Canyon Bridge Capital Partners terminates agreement with Lattice Semiconductor Corp (LSCC).

Closed Deals:

• Sycamore Partners completes acquisition of Staples, Inc. (SPLS).
• Open Text Corp (USA) (OTEX) completes acquisition of Guidance Software, Inc. (GUID).
• KKR completes acquisition of WebMD Health Corp. (WBMD).
• Sizmek Inc completes acquisition of Rocket Fuel Inc (FUEL).
• Mars, Inc completes acquisition of VCA Inc (WOOF).
• AE Industrial Partners completes acquisition of CDI Corp. (CDI).
• Monomoy Capital Partners completes acquisition of West Marine, Inc. (WMAR).
• Digital Realty Trust, Inc. (DLR) completes acquisition of DuPont Fabros Technology, Inc. (DFT).
• VTTI B.V. completes acquisition of VTTI Energy Partners LP (VTTI).