Merger Arbitrage Mondays – May 09, 2011

Merger activity decreased slightly last week with seven new deals announced and two closing. With four multi-billion dollar deals announced last week, according to Bloomberg 2011’s global M&A activity now amounts to a total to $843 billion, a 23 percent increase from a year earlier. Deal activity is expected to cross the $4 trillion record seen during the previous cycle that peaked in 2007.

You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.

Deal Statistics:

New Deals:

1. The acquisition of Cephalon (CEPH) by Teva Pharmaceutical Industries (TEVA) for $6.8 billion or $81.50 per share in cash.
2. The acquisition of International Coal Group (ICO) by Arch Coal (ACI) for $3.4 billion or $14.60 per share in cash.
3. The acquisition of Volcom (VLCM) by PPR for $607.5 million or $24.50 per share in cash.

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