Sunday, January 31, 2021

The Risk Arbitrage Report for Feb 1, 2021

New Deals:

• Cardtronics Plc Com Cl A (CATM) agrees to be acquired by Ncr Corp Com (NCR) and terminates deal with Apollo Global Management Inc Com Cl A  (APO).

• Veritas Capital to acquire Perspecta Inc Com (PRSP).

• PUMA to acquire Protect Pharmas Corp Com (PRTT).

• Schweitzer-Mauduit Intl Inc Com (SWM) to acquire Scapa Group Com (SXGAF).

• Nordic Capital to acquire Advanz Pharma Corp Ltd (Jy) Com (CXRXF).

• Stock Yards Bancorp Inc Com (SYBT) to acquire Kentucky Bancshares Inc Com (KTYB).

• Cbb Bancorp Inc Com (CBBI) to acquire Ohana Pacific Bank Com (Physical Only) (OHPB).

Closed Deals:

• Bridgebio Pharma Inc Com (BBIO) completes acquisition of Eidos Therapeutics Inc 1.85:1 Exc 1/27/21 10806X102 (EIDX).

• West Fraser Timber Co Com (WFTBF) completes acquisition of Norbord Inc 0.675:1 Exc 2/1/21 952845105 (OSB).

• American Securities LLC completes acquisition of Foundation Building Materials Csh Mrg $19.25/Sh 1/29/21 (FBM).

• Management completes acquisition of Acorn International Inc Csh Mrg $21.00/Sh 2/1/21 (ATV).

• Premium Brands (PRBZF) & FNC Holdings completes acquisition of Clearwater Seafoods Inc Csh Mrg  $8.25/Sh Cad 1/27/21 (CSEAF).

• Yamana Gold Inc Com (AUY) completes acquisition of Monarch Gold Corp Mrg .2:1 & $.19/Sh Cad 1/26/21 (MRQRF).

• Bridge Bancorp Inc Com (BDGE) completes acquisition of Dime Community Bancshares Inc 0.648:1 Exc 2/1/21 108035106 (DCOM).


Merger Arbitrage Spreads Feb 1, 2021

The latest stock merger arbitrage spreads:

Sunday, January 24, 2021

The Risk Arbitrage Report for Jan 25, 2021

New Deals:

  • Lumentum Hldgs Inc Com (LITE) to acquire Coherent Inc Com (COHR).
  • Reshape Lifesciences Inc Com (RSLS) to acquire Obalon Therapeutics Inc Com (OBLN).
  • Eldorado Gold Corp Com (EGO) to acquire Qmx Gold Corp Com (QMXGF).
  • Verra Mobility Corp Com (VRRM) to acquire Redflex Holdings Com (RFLXF).

Closed Deals:

  • Contango Oil & Gas Co Com (MCF) completes acquisition of Mid-Con Energy Partners Lp 1.75:1 Exc 1/22/21 21075N204 (MCEP).
  • Spx Flow Inc Com (FLOW) completes acquisition of Plc Uutechnic Group Oyj [in Euro] (UUTEC:FH).
  • Nautic Partners, LLC completes acquisition of American Renal Holdings Inc Csh Mrg $11.50/Sh 1/25/21 (ARA).
  • Eli Lilly And Company Com (LLY) completes acquisition of Prevail Therapeutics Inc Mrg $22.50/Sh & 1 Cvr 1/25/21 (PRVL

Merger Arbitrage Spreads Jan 25, 2021

The latest stock merger arbitrage spreads:

Sunday, January 17, 2021

The Risk Arbitrage Report for Jan 18, 2021


New Deals:

• B Riley Financial Inc Com (RILY) to acquire National Holdings Corp Com (NHLD).

• Farm Bureau Property & Casualty Insurance Company to acquire Fbl Financial Group Inc Com Cl A (FFG).

• Steris Plc Com (STE) to acquire Cantel Medical Corp Com (CMD).

• TowerBrook Capital Partners L.P. to acquire Prosight Global Inc Com (PROS).

• Argo Infrastructure Partners to acquire Corning Natural Gas Holding Co Com (CNIG).

• I Squared Capital to acquire Atlantic Power Corp Com (AT).

• New Fortress Energy Inc Com Cl A (NFE) to acquire Golar Lng Partners Lp Com Unit Repstg Ltd Partner (GMLP).

• Bancorpsouth Bank Com (BXS) to acquire Fns Bancshares Inc Com (FNSB).

• Cresco Labs Inc Com (CRLBF) to acquire Bluma Wellness Inc Com (BMWLF).

Closed Deals:

• Peugeot Sa 1.742:1 Exc 1/19/21 N82405106 (PEUGF) completes acquisition of Fiat Chrysler Automobiles Nv 1:1 Exc 1/19/21 N82405106 (FCAU).

• Alphabet Inc Com Cl C (GOOG) completes acquisition of Fitbit Inc Csh Mrg @$7.35/Sh 1/14/21 (FIT).

• Conocophillips Com (COP) completes acquisition of Concho Resources Inc 1.46:1 Exc 1/19/21 20825C104 (CXO).

• Pretium & Ares Management completes acquisition of Front Yard Residential Corp Csh Mrg $16.25/Sh 1/12/21 (RESI).

• Pioneer Natural Resources Co Com (PXD) completes acquisition of Parsley Energy Inc 0.1252:1 Exc 1/13/21 723787107 (PE).


Merger Arbitrage Spreads Jan 18, 2021

The latest stock merger arbitrage spreads:

Sunday, January 10, 2021

The Risk Arbitrage Report for Jan 11, 2021


New Deals:
• Centene Corporation Com (CNC) to acquire Magellan Health Inc Com (MGLN).
• Teledyne Technologies Inc Com (TDY) to acquire Flir Systems Inc Com (FLIR).
• H.I.G. Capital to acquire Smtc Corporation Com (SMTX).
• Unitedhealth Group Inc Com (UNH) to acquire Change Healthcare Inc Com (CHNG).
• Perkinelmer Inc Com (PKI) to acquire Oxford Immunotec Global Plc Com (OXFD).
• Navios Maritime Partners Lp Com Uts Rep Ltd Ptr Int(P/S (NMM) to acquire Navios Maritime Containers L P Com (NMCI).
• Svb Financial Group Com (SIVB) to acquire Boston Private Holdings Inc Com (BPFH).
• Alaska Communications Sys Grp Com (ALSK) agrees to be acquired by Atn International Inc Com (ATNI) and terminates deal with Macquarie Capital & GCM Grosvenor.
• Agnico Eagle Mines Ltd Com (AEM) to acquire Tmac Resources Inc Com (TMMFF).
Busted Deals:
• Sphere 3D Corp New Com (ANY) terminates agreement with Rainmaker Worldwide Inc Com (RAKR).
Closed Deals:
• Lvmh Moet Hennessy Vuitton Se Com (LVMHF) completes acquisition of Tiffany & Co Csh Mrg $131.50/Sh 1/7/21 (TIF).
• Builders Firstsource Inc Com (BLDR) completes acquisition of Bmc Stock Holdings Inc 1.3125:1 Exc 1/5/21 12008R107 (BMCH).
• Allstate Corp Com (ALL) completes acquisition of National General Hldgs Co Csh Mrg 34.50/Sh 1/5/21 (NGHC).
• Devon Energy Corp Com (DVN) completes acquisition of Wpx Energy Inc .5165:1 Exc 1/7/21 25179M103 (WPX).
• Cenovus Energy Inc Com (CVE) completes acquisition of Husky Energy Inc .7854:1 Exc 1/6/21 15135U109 (HUSKF).

Merger Arbitrage Spreads Jan 11, 2021

The latest stock merger arbitrage spreads:

Sunday, January 3, 2021

The Risk Arbitrage Report for Jan 04, 2021

New Deals:

• Sonesta International Hotels Corp to acquire Red Lion Hotels Corporation Com (RLH).

Closed Deals:

  • Simon Property Group Inc Com Usd0.0001 (SPG) completes acquisition of Taubman Centers Inc Csh Mrg $43/Sh 12/29/20 (TCO).
  • Consol Energy Inc Com (CEIX) completes acquisition of Consol Coal Resources Lp 0.73:1 Exc 12/30/20 20854L108 (CCR).
  • First Reserve completes acquisition of Goldfield Corp Csh Mrg @$7/Sh 12/30/20 (GV).
  • Stem Holdings Inc Com (STMH) completes acquisition of Driven Deliveries Inc Com (DRVD).

Merger Arbitrage Spreads Jan 04, 2021

The latest stock merger arbitrage spreads: