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Merger Arbitrage Mondays – July 12, 2010

  • July 12, 2010

The activity on the Merger and Acquisition front decreased last week with only one new deal being announced and three deals closing.

The new deal includes the acquisition of American Physicians Capital (ACAP) by The Doctors Company for $41.50 per share in cash.

The deals that closed include the acquisition of SenoRx (SENO) by C.R. Bard on July 06, 2010, the acquisition of Bell Microproducts (BELM) by Avnet on July 06, 2010 and the acquisition DynCorp International (DCP) by Cerberus Capital Management on July 08, 2010.

 SymbolAnnounced
Date
Acquiring
Company
Closing
Value
Closing
Price
Last
Price
Closing
Date
ProfitAnnu.

Profit

+WX04/26/2010Charles River Laboratories (CRL)$1.6 billion$20.62$16.1712/31/2010 27.54% 58.45%
+ATBC05/10/2010Jacksonville Bancorp (JAXB)N/A$2.73$2.1809/30/2010 25.23% 115.11%
+AYE02/11/2010FirstEnergy (FE)$8.5 billion$24.69$22.0703/31/2011 11.85% 16.51%
+SSE02/23/2010Naugatuck Valley Financial Corp (NVSL)$19.5 million$7.25$6.499908/16/2010 11.54% 120.35%
+PINN02/24/2010Investor Group lead by Scotia Waterous (USA) (N/A)$11 million$0.34$0.3108/21/2010 9.68% 88.31%
+BGH06/11/2010Buckeye Partners LP (BPL)$1.14 billion$42.62$39.7912/31/2010 7.11% 15.08%
+DIVX06/02/2010Sonic Solutions (SNIC)$323 million$7.68$7.2609/30/2010 5.74% 26.20%
+EMMS05/25/2010JS Acquisition and Alden Global Capital (N/A)$3 billion$2.40$2.2709/30/2010 5.73% 26.13%
+Q04/22/2010Century Link (CTL)$10.6 billion$5.73$5.4304/21/2011 5.57% 7.18%
+ECLP06/09/2010Allscripts-Misys Healthcare (MDRX)$1.3 billion$20.41$19.4311/15/2010 5.05% 14.64%
+ALOY06/24/2010ZelnickMedia (N/A)$126.5 million$9.80$9.4512/31/2010 3.70% 7.86%
+EFJI05/17/2010Francisco Partners (N/A)N/A$1.50$1.4509/30/2010 3.45% 15.73%
+TTIL06/09/2010Teoco Corp. (N/A)$58 million$3.00$2.9009/30/2010 3.45% 15.73%
+PMACA06/10/2010Old Republic International (ORI)$228 million$7.07$6.8509/30/2010 3.18% 14.49%
+PRPX02/17/2010L.B. Foster Co. (FSTR)$112 million$11.71$11.3508/31/2010 3.17% 23.15%
+MIR04/12/2010RRI Energy In. (RRI)$1.6 billion$11.57$11.3012/31/2010 2.36% 5.01%
+PSYS05/17/2010Universal Health (N/A)$3.1 billion$33.75$32.9812/31/2010 2.33% 4.95%
+BNE02/24/2010RR Donnelley (RRD)$481 million$11.50$11.2809/30/2010 1.95% 8.90%
+SWWC03/03/2010Institutional Investors (N/A)$275 million$11.00$10.7903/31/2011 1.95% 2.71%
+WAIN06/29/2010Eastern Bank (N/A)$163 million$19.00$18.6412/31/2010 1.93% 4.10%
+ACAP07/08/2010The Doctors Company (N/A)$386 million$41.50$40.7312/31/2010 1.89% 4.01%
+WMZ05/24/2010Williams Partners L.P. (WPZ)$34.73$34.1009/30/2010 1.86% 8.49%
+MAM03/12/2010Emera Inc (N/A)$75.7 million$45.00$44.1812/31/2010 1.86% 3.94%
+SII02/19/2010Schlumberger (SLB)$7.5 billion$40.79$40.0609/30/2010 1.83% 8.35%
+ME04/15/2010Apache (APA)$2.7 billion$22.78$22.3709/30/2010 1.82% 8.31%
+OMNI06/04/2010Wellspring Capital Management (N/A)$122 million$2.75$2.7111/15/2010 1.48% 4.28%
+VETS06/02/2010VCA Antech Inc (WOOF)$41.25 million$0.34$0.335209/30/2010 1.43% 6.53%
+GLG05/17/2010Man Group (N/A)$1.6 billion$4.50$4.4409/30/2010 1.35% 6.17%
+STBK03/18/2010Roma Financial Corp (ROMA)$14.7 million$2.52$2.493208/16/2010 1.07% 11.21%
+PFWD04/16/2010Oracle Corp. (ORCL)$685 million$17.00$16.8206/30/2010 1.07% 0.00%
+ORCD03/16/2010eMusic (N/A)$12.77 million$2.05$2.0308/16/2010 0.99% 10.27%
+VIRL06/10/2010Synopsys (SNPS)$315 million$12.00$11.8912/31/2010 0.93% 1.96%
+RCNI03/05/2010ABRY Partners (N/A)$536 million$15.00$14.8709/30/2010 0.87% 3.99%
+MDNU06/11/2010Danone (N/A)$62.3 million$4.00$3.9709/30/2010 0.76% 3.45%
+ATSI04/29/2010Medtronic (MDT)$350 million$4.00$3.9709/30/2010 0.76% 3.45%
+VTIV05/06/2010Thomas H. Lee Partners (N/A)$1.1 billion$26.00$25.8109/30/2010 0.74% 3.36%
+BSMD05/13/2010Merit Medical Systems (MMSI)$96 million$4.38$4.3509/30/2010 0.69% 3.15%
+WEL04/09/2010Halliburton Company (HAL)$240 million$3.00$2.9809/30/2010 0.67% 3.06%
+ODSY05/24/2010Gentiva Health Services (GTIV)$1.0 billion$27.00$26.8209/30/2010 0.67% 3.06%
+QUOT06/11/2010LQ Acquisition (N/A)$19 million$4.00$3.9809/30/2010 0.50% 2.29%
+IDC05/04/2010Silver Lake & Warburg Pincus (N/A)$3.4 billion$33.86$33.7009/30/2010 0.47% 2.17%
+SNWL06/03/2010investor group led by private equity firm Thoma Bravo LLC (N/A)$636 million$11.50$11.4512/31/2010 0.44% 0.93%
+SY05/12/2010SAP (SAP)$5.8 billion$65.00$64.7709/30/2010 0.36% 1.62%
+NADX04/05/2010GDC Holdings Inc. (N/A)$100 million$17.00$16.9409/30/2010 0.35% 1.62%
+DBTK05/17/2010Vision Solutions (N/A)$242 million$10.55$10.5209/30/2010 0.29% 1.30%
+SMTS06/16/2010Covidien (COV)$299 million$25.00$24.9407/31/2010 0.24% 4.62%
+CYBS04/21/2010Visa Inc. (V)$2.0 billion$26.00$25.9409/30/2010 0.23% 1.06%
+RBI03/15/2010affiliate of Oncap Management Partners L.P. (N/A)$13.55$13.5208/16/2010 0.22% 2.31%
+GNA06/02/2010Gerdau (GGB)$1.7 billion$11.00$10.9808/31/2010 0.18% 1.33%
+STST06/30/2010Boeing (BA)$775 million$34.50$34.4409/30/2010 0.17% 0.79%
+SXE05/07/2010CGI Group (N/A)$904 million$37.50$37.4409/30/2010 0.16% 0.73%
+CPII05/10/2010Comtech (CMTL)$472.3 million$15.63$15.6109/30/2010 0.11% 0.48%
+AIPC06/21/2010Ralcorp Holdings (RAH)$1.2 billion$53.00$52.9509/30/2010 0.09% 0.43%
+SBP06/24/2010ABLASA (N/A)N/A$12.69$12.6807/22/2010 0.08% 2.88%
+MIL03/01/2010Merck (MRK)$6 billion$107.00$106.9309/30/2010 0.07% 0.30%
+VRAD05/17/2010Providence Equity (N/A)$294 million$17.25$17.2409/30/2010 0.06% 0.26%
+CRN04/19/2010GeoGroup (GEO)$685 million$27.89$27.8809/30/2010 0.02% 0.08%
+TSFG05/17/2010TD Bank Financial Group (N/A)$61 million$0.28$0.2809/30/2010 0.00% 0.00%
+CKR03/01/2010Apollo Management VII (N/A)$694 million$12.55$12.5507/07/2010 0.00% 0.00%
+EVVV06/01/2010Covidien plc (COV)$2.6 billion$22.50$22.5007/31/2010 0.00% 0.00%
+NGA04/01/2010AZZ Inc. (AZZ)$125.6 million$7.50$7.5108/31/2010 -0.13% -0.97%
+VRX06/21/2010Biovail Corporation (BVF)$3.3 billion$51.21$52.0812/31/2010 -1.67% -3.53%
+CAL05/03/2010United (UAUA)$1.2 billion$22.43$22.9212/31/2010 -2.15% -4.56%
+ABII06/30/2010Celgene (CELG)$2.9 billion$71.39$74.1212/31/2010 -3.68% -7.81%
+ARD04/04/2010SandRidge Energy Inc. (SD)$1.6 billion$32.40$34.1609/30/2010 -5.14% -23.44%
+TLCR06/07/2010Grifols (N/A)$3.4 billion$19.00$21.3112/31/2010 -10.84% -23.00%
+DTG04/26/2010Hertz (HTZ)$1.3 billion$39.32$45.7812/31/2010 -14.11% -29.95%
+MCCC06/01/2010Chief Executive Rocco Commisso (N/A)$590 million$6.00$7.01N/A -14.41% 0.00%
+CCE02/25/2010The Coca-Cola Company (KO)$12.3 billionN/A$27.6810/01/2010 N/A N/A