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There was no activity on the Merger Arbitrage front last week as no new deals were announced. Four pending deals closed.
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 | 93 |
| Total Number of Deals Not Completed in 2011 | 1 |
| Total Number of Pending Deals | |
| Cash Deals | 43 |
| Stock Deals | 21 |
| Stock & Cash Deals | 12 |
| Special Conditions | 1 |
| Total Number of Pending Deals | 77 |
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) | $1.32 | $0.72 | 09/30/2011 | 82.81% | 277.31% |
| CSR | 04/20/2011 | Rightmark Holdings Limited (N/A) | $6.50 | $4.48 | 09/30/2011 | 45.09% | 150.99% |
| TAM | 01/19/2011 | LAN Airlines S.A. (LFL) | $24.56 | $20.48 | 12/31/2011 | 19.93% | 36.19% |
| DNBK | 01/20/2011 | People's United Financial Inc. (PBCT) | $23.00 | $20.81 | 06/30/2011 | 10.52% | 225.95% |
| CFSG | 05/20/2011 | Bain Capital Partners (N/A) | $9.00 | $8.20 | 11/15/2011 | 9.76% | 22.97% |
| FTLK | 05/31/2011 | Fortress Group Limited (N/A) | $7.20 | $6.60 | 09/30/2011 | 9.09% | 30.44% |
| CEG | 04/28/2011 | Exelon Corporation (EXC) | $38.93 | $36.77 | 01/31/2012 | 5.87% | 9.24% |
| SVVS | 04/27/2011 | CenturyLink (CTL) | $41.65 | $39.43 | 12/31/2011 | 5.62% | 10.21% |
| ID | 09/20/2010 | Safran (N/A) | $12.00 | $11.37 | 07/31/2011 | 5.54% | 42.13% |
| SHMR | 10/15/2010 | Essilor (N/A) | $14.50 | $13.82 | 06/30/2011 | 4.92% | 105.64% |
List of all pending deals: