Merger Arbitrage Mondays – June 27, 2011
Merger activity decreased last week with two new deals announced and five closing.
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:
- The acquisition of Tower Bancorp (TOBC) by Susquehanna Bancshares (SUSQ) for $343 million in a stock or cash deal, where Tower Bancorp shareholders will receive either 3.4696 shares of Susquehanna Bancshares common stock or $28.00 in cash per share held with $88 million of the aggregate consideration being paid in cash. Since a majority of the consideration will be paid out as stock, we have classified this deal as an all stock deal in our Merger Arbitrage Tool.
- The acquisition of Harbin Electric (HRBN) by Tech Full Electric Company Limited for $24.00 per share in cash.
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