×

Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

Merger Arbitrage Mondays – June 13, 2011

  • June 13, 2011

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 201193
Total Number of Deals Not Completed in 20111
Total Number of Pending Deals
Cash Deals43
Stock Deals21
Stock & Cash Deals12
Special Conditions1
Total Number of Pending Deals77

Closed Deals:

  1. The acquisition of Bronco Drilling Company (BRNC) by Chesapeake Energy (CHK) on June 06, 2011
  2. The acquisition of Hughes Communications (HUGH) by EchoStar Corporation (SATS) on June 09, 2011
  3. The acquisition of TradeStation Group (TRAD) by Monex Group on June 10, 2011
  4. The acquisition of CNA Surety Corporation (SUR) by CNA Financial Corporation (CNA) on June 10, 2011


Top 10 deals with largest spreads:

SymbolAnnounced
Date
Acquiring

Company

Closing

Price

Last
Price
Closing
Date
ProfitAnnu.
Profit
GRAN04/27/2011FNB United Corp (FNBN)$1.32$0.7209/30/2011

82.81%

277.31%
CSR04/20/2011Rightmark Holdings Limited (N/A)$6.50$4.4809/30/2011 45.09% 150.99%
TAM01/19/2011LAN Airlines S.A. (LFL)$24.56$20.4812/31/2011

19.93%

36.19%
DNBK01/20/2011People's United Financial Inc. (PBCT)$23.00$20.8106/30/2011 10.52% 225.95%
CFSG05/20/2011Bain Capital Partners (N/A)$9.00$8.2011/15/2011 9.76% 22.97%
FTLK05/31/2011 Fortress Group Limited (N/A)$7.20$6.6009/30/2011 9.09% 30.44%
CEG04/28/2011Exelon Corporation (EXC)$38.93$36.7701/31/2012 5.87% 9.24%
SVVS04/27/2011CenturyLink (CTL)$41.65$39.4312/31/2011 5.62% 10.21%
ID09/20/2010Safran (N/A)$12.00$11.3707/31/2011 5.54% 42.13%
SHMR10/15/2010Essilor (N/A)$14.50$13.8206/30/2011

4.92%

105.64%

List of all pending deals:

The list of all pending deals is only available to InsideArbitrage Premium and Plus members.