Merger activity decreased last week with two new deals announced and three deals closing.
You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.
Deal Statistics:
Total Number of Deals Closed in 2011 | 37 |
Total Number of Deals Not Completed in 2011 | 1 |
Total Number of Pending Deals | |
Cash Deals | 41 |
Stock Deals | 22 |
Stock & Cash Deals | 13 |
Total Number of Pending Deals | 76 |
New Deals:
99 Cents Only Stores (NDN) received a ‘going private’ proposal from members of the Schiffer-Gold founding family and Leonard Green & Partners LP for $1.34 billion or $19.09 per share in cash. The proposal is yet to be evaluated.
Closed Deals:
Updated Deals:
Top 10 Deals with largest spreads:
Symbol | Announced Date | Acquiring Company | Closing Price | Last Price | Closing Date | Profit | Annu. Profit |
---|---|---|---|---|---|---|---|
LTXC | 11/18/2010 | Verigy Ltd (VRGY) | $12.83 | $8.35 | 06/30/2011 | 53.60% | 181.15% |
TAM | 01/19/2011 | LAN Airlines S.A. (LFL) | $23.81 | $20.97 | 09/30/2011 | 13.52% | 24.67% |
TLCR | 06/07/2010 | Grifols (GRF.MC) | $29.84 | $26.33 | 06/30/2011 | 13.33% | 45.06% |
DNBK | 01/20/2011 | People's United Financial Inc. (PBCT) | $23.00 | $21.36 | 06/30/2011 | 7.68% | 25.95% |
SHMR | 10/15/2010 | Essilor (N/A) | $14.50 | $13.57 | 06/30/2011 | 6.85% | 23.16% |
HYC | 11/17/2010 | Verifone Systems (PAY) | $11.30 | $10.77 | 09/30/2011 | 4.96% | 9.04% |
NOVL | 11/21/2010 | Attachment Corporation (N/A) | $6.10 | $5.83 | 04/30/2011 | 4.63% | 35.97% |
MEE | 01/29/2011 | Alpha Natural Resources, Inc. (ANR) | $62.20 | $59.63 | 06/30/2011 | 4.32% | 14.58% |
MAJC | 09/21/2010 | Bayside Capital Partners (N/A) | $4.50 | $4.32 | 03/31/2011 | 4.17% | 89.46% |
AAI | 09/27/2010 | Southwest Airlines (LUV) | $7.75 | $7.45 | 03/31/2011 | 4.03% | 86.46% |
List of all pending deals: