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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:
| Total Number of Deals Closed in 2011 | 64 |
| Total Number of Deals Not Completed in 2011 | 1 |
| Total Number of Pending Deals | |
| Cash Deals | 51 |
| Stock Deals | 25 |
| Stock & Cash Deals | 14 |
| Special Conditions | 1 |
| Total Number of Pending Deals | 91 |
New Deals:
Closed Deals:
Top 10 deals with largest spreads:
| Symbol | Announced Date | Acquiring Company | Closing Price | Last Price | Closing Date | Profit | Annu. Profit |
|---|---|---|---|---|---|---|---|
| GRAN | 04/27/2011 | FNB United Corp (FNBN) | $2.21 | $1.1501 | 09/30/2011 | 91.80% | 232.69% |
| CSR | 04/20/2011 | Rightmark Holdings Limited (N/A) | $6.50 | $5.36 | 09/30/2011 | 21.27% | 53.91% |
| TAM | 01/19/2011 | LAN Airlines S.A. (LFL) | $25.79 | $21.46 | 12/31/2011 | 20.20% | 31.23% |
| TLCR | 06/07/2010 | Grifols (GRF.MC) | $31.69 | $27.66 | 06/30/2011 | 14.56% | 102.20% |
| CRU | 05/05/2011 | Capital Product Partners L.P. (CPLP) | $15.87 | $14.38 | 12/31/2069 | 10.33% | 0.18% |
| GLBC | 04/11/2011 | Level 3 Communications (LVLT) | $26.40 | $24.35 | 12/31/2010 | 8.42% | 0.00% |
| ID | 09/20/2010 | Safran (N/A) | $12.00 | $11.21 | 05/15/2011 | 7.05% | 428.71% |
| SVVS | 04/27/2011 | CenturyLink (CTL) | $41.90 | $39.21 | 12/31/2011 | 6.87% | 10.63% |
| CEG | 04/28/2011 | Exelon Corporation (EXC) | $38.38 | $35.99 | 01/31/2012 | 6.64% | 9.08% |
| CASB | 03/04/2011 | Opus Bank (N/A) | $0.45 | $0.4257 | 06/30/2011 | 5.71% | 40.07% |
List of all pending deals: