Sunday, November 29, 2020

The Risk Arbitrage Report for Nov 30, 2020

New Deals:

• First Reserve to acquire Goldfield Corp Com (GV).

Closed Deals:

• Management completes acquisition of Fuling Global Inc Csh Mrg $2.35/Sh 11/24/20 (FORK).


Merger Arbitrage Spreads Nov 30, 2020

  The latest stock merger arbitrage spreads:

Sunday, November 22, 2020

The Risk Arbitrage Report for Nov 23, 2020

New Deals:

• Home Depot Inc Com (HD) to acquire Hd Supply Holdings Inc Com (HDS).

• West Fraser Timber Co Com (WFTBF) to acquire Norbord Inc Com (OSB).

• Endeavour Mining Corporation Com (EDVMF) to acquire Teranga Gold Corporation Com (TGCDF).

• American Securities LLC to acquire Foundation Building Materials Com (FBM).

• Simon Property Group Inc Com (SPG) to acquire (again with new terms) Taubman Centers Inc Com (TCO).

• Pdf Solutions Inc Com (PDFS) to acquire Cimetrix Inc Com (Physical Only) (CMXX).

• Intact Financial Corporation (TSX: IFC) & Tryg A/S (CPH: TRYG) to acquire Rsa Insurance Group Plc Adr Sponsored (RSNAY).

• Management to acquire China Biologic Products Hldgs Com (CBPO).

Busted Deals:

• Pedevco Corp Com (PED) terminates agreement with Sandridge Permian Trust Com (PERS).

Closed Deals:

• Covis Group completes acquisition of Amag Pharmaceutics Inc Csh Mrg $ 13.75/Sh 11/17/20 (AMAG).

• Bristol-Myers Squibb Co Com (BMY) completes acquisition of Myokardia Inc Csh Mrg $225/Sh 11/18/20 (MYOK).

• Medtronic Plc Com (MDT) completes acquisition of Medicrea International Csh Mrg $7.00/Sh Eur 11/19/20 (MRNTF).

• High Tide Inc Com (HITIF) completes acquisition of Meta Growth Corp 0.824:1 Exc 11/19/20 42981E104 (NACNF).

• Enterprise Fin Services Corp Com (EFSC) completes acquisition of Seacoast Commerce Banc Hldgs .5061:1 Exc 11/13/20 293712105 (SCBH).

• Management completes acquisition of Yintech Invest Hldgs Ltd Cash Merger @ $7.30/Sh Gross (YIN).


Merger Arbitrage Spreads Nov 23, 2020

  The latest stock merger arbitrage spreads:

Sunday, November 15, 2020

The Risk Arbitrage Report for Nov 16, 2020

New Deals:

• Volkswagen Ag Adr Unsponsored (VWAGY) to acquire Navistar International Corp Com (NAV).

• Sumitovant Biopharma to acquire Urovant Sciences Ltd Com (UROV).

• Bonanza Creek Energy Inc Com (BCEI) to acquire Highpoint Resources Corp Com (HPR) [bankruptcy].

• Premium Brands (PRBZF) & FNC Holdings to acquire Clearwater Seafoods Inc Com (CSEAF).

• Apollo Global Management Inc Com Cl A (APO) to acquire Great Canadian Gaming Corp Com (GCGMF).

• Cerberus Capital to acquire Dorel Industries Com Cl B (DIIBF).

• McKean Defense Group, Inc. to acquire Mikros Systems Corp Com (MKRS).

Busted Deals:

• The Peck Company Holdings Inc Com (PECK) terminates agreement with Sunworks Inc Com (SUNW).

Closed Deals:

• Southwestern Energy Co Com (SWN) completes acquisition of Montage Res Corp 1.8656:1 Exc 11/13/20 (MR).

• TT Electronics plc completes acquisition of Torotel Inc Csh Mrg @$6.17/Sh 11/10/20 (TTLO).

• Stryker Corp Com (SYK) completes acquisition of Wright Medical Group Nv Csh Mrg $ 30.75/Sh 11/12/20 (WMGI).

• Enterprise Fin Services Corp Com (EFSC) completes acquisition of Seacoast Commerce Banc Hldgs Com (SCBH).


Merger Arbitrage Spreads Nov 16, 2020

  The latest stock merger arbitrage spreads:

Sunday, November 8, 2020

The Risk Arbitrage Report for Nov 9, 2020

New Deals:

• Clearlake Capital Group L.P. to acquire Endurance Intl Group Hldgs Inc Com (EIGI).

• Novo Nordisk A/S Adr Sponsored (NVO) to acquire Emisphere Technologies Inc Com (EMIS).

• Macquarie Capital & GCM Grosvenor  to acquire Alaska Communications Sys Grp Com (ALSK).

• Management to acquire Rocky Mountain Dealerships Inc Com (RCKXF).

• Perkinelmer Inc Com (PKI) to acquire Horizon Discovery Group Plc Com (HZNQF).

• Yamana Gold Inc Com (AUY) to acquire Monarch Gold Corp Com (MRQRF).

• Management to acquire Telenav Inc Com (TNAV).

• Peoples Bank Of Commerce Com (PBCO) to acquire Willamette Community Bank Com (WMCB).

Closed Deals:

• NexPoint Advisors, L.P.  completes acquisition of Jernigan Capital Inc Csh Mrg $ 17.30/Sh 11/6/20 (JCAP).

• Yiche Holding Limited completes acquisition of Bitauto Hldgs Ltd Csh Mrg $ 16.00/Sh 11/5/20 (BITA).

• Starlight Group Property Holdings Inc. completes acquisition of Northview Apt Real Estate Inve Csh Mrg $36.25/Sh Cad 11/4/20 (NPRUF).


Merger Arbitrage Spreads Nov 9, 2020

  The latest stock merger arbitrage spreads:

Sunday, November 1, 2020

The Risk Arbitrage Report for Nov 2, 2020

New Deals:

• Advanced Micro Devices Inc Com (AMD) to acquire Xilinx Inc Com (XLNX).

• Inspire Brands, Inc.  to acquire Dunkin Brands Group Inc Com (DNKN).

• Marvell Tech Group Com (MRVL) to acquire Inphi Corporation Com (IPHI).

• Brookfield Bus Partners L P Com (BBU) to acquire Genworth Mi Canada Inc Com (GMICF).

• Contango Oil & Gas Co Com (MCF) to acquire Mid-Con Energy Partners Lp Com Units (MCEP).

• United Federal Credit Union to acquire Edgewater Bancorp Inc Com (EGDW).

• Oaktree Specialty Lending Corp Com (OCSL) to acquire Oaktree Strategic Income Corp Com (OCSI).

Closed Deals:

• Waste Management Inc Com (WM) completes acquisition of Advanced Disposal Services Inc Csh Mrg $30.30/Sh 10/30/20 (ADSW).

• Portman Ridge Finance Corp Com (PTMN) completes acquisition of Garrison Cap Inc Mrg $1.50/Sh & 1.91693999:1 (GARS).

• Teladoc Health Inc Com (TDOC) completes acquisition of Livongo Health Inc Mrg $4.24/Sh & .592:1 11/2/20 (LVGO).

• Teachers Credit Union completes liquidation of New Bancorp Inc Liquidation 10/30/20 (NWBB).

• Flushing Financial Corp Com (FFIC) completes acquisition of Empire Bancorp Inc Com (EMPK).

• Pinnacle Bankshares Corp Com (PPBN) completes acquisition of Virginia Bank Bankshares Inc Com (VABB).

• Bv Financial Inc Com (BVFL) completes acquisition of Delmarva Bancshares Inc Com (DLMV).


Merger Arbitrage Spreads Nov 2, 2020

  The latest stock merger arbitrage spreads: