Merger Arbitrage Mondays – May 02, 2011

Merger activity shot up last week with eight new deals announced and two 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 Lawson Software (LWSN) by an affiliate of Golden Gate Capital and Infor for $2 billion or $11.25 per share in cash.
2. The acquisition of SMART Modular Technologies (SMOD) by Silver Lake Partners and Silver Lake Sumeru for $645 million or $9.25 per share in cash.
3. The acquisition of SAVVIS Inc. (SVVS) by CenturyLink Inc. (CTL) in a cash plus stock deal for $2.5 billion, where SAVVIS shareholders will receive in exchange for each Savvis share $30 in cash and $10 in CenturyLink shares. The number of CenturyLink shares issued will be based upon the volume-weighted average price of CenturyLink stock during the thirty trading day period ending three trading days prior to the closing, provided that if this average price is less than or equal to $34.42, each Savvis share will receive $30 in cash and 0.2905 of a CenturyLink share.

Only plus or premium subscribers can access this post. Subscribe today.