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Merger Arbitrage Mondays – December 06, 2010

  • December 6, 2010

Merger activity remained steady last week with four new deals being announced and eleven deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.

Deal Statistics:

New Deals:

  1. The acquisition of Voltaire Limited (VOLT) by Mellanox Technologies, Ltd. (MLNX) for $176 million or $8.75 per share in cash.
  2. The acquisition of Baldor Electric Co. (BEZ) by ABB Ltd. (ABB) for $4.2 billion or $63.50 per share in cash.
  3. The acquisition of  Mercer Insurance Group (MIGP) by United Fire & Casualty (UFCS) for $191 million or $28.25 per share in cash.

Closed Deals:

  1. The acquisition of American Physicians Service Group (AMPH) by ProAssuarance (PRA) on November 30, 2010
  2. The acquisition of OTIX Global Inc. (OTIX) by William Demant on November 30, 2010
  3. The acquisition of LSB Corporation (LSBX) by People’s United Financial Inc. (PBCT) on December 01, 2010

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