Merger Arbitrage Mondays – July 18, 2011
Merger activity rebounded again with six new deals announced and four 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 Arch Chemicals (ARJ) by Lonza Group Ltd. for $1.4 billion or $47.20 per share in cash.
- The acquisition of Encore Energy Partners (ENP) by Vanguard Natural Resources (VNR) for $545 million in an all stock deal, where Encore’s public unitholders would receive 0.75 Vanguard common units in exchange for each Encore common unit they own.
- The acquisition of Radiant Systems (RADS) by NCR Corporation (NCR) for $1.2 billion or $28.00 per share in cash.
Updated Deals:
- On July 12, 2011, Central Vermont Public Services (CV) terminated its previous agreement with Fortis after deeming “superior” the offer from Gaz Métro for $702 million or $35.25 per share in cash.
- On July 13, 2011, Graham Packaging Co. (GRM) bondholders plan to reject the company’s offer to buy back or change terms of outstanding debt before its $4.5 billion takeover by Reynolds Group Holdings Ltd.
- On July 13, 2011, Transatlantic Holdings (TRH) said that it received an unsolicited buyout offer at a 12.1% premium from Validus Holdings (VR), a month after Transatlantic announced a planned merger with Allied World Assurance Co. (AWH)
Only plus or premium subscribers can access this post. Subscribe today.
