Merger Arbitrage Mondays – August 29, 2011

  • August 29, 2011

There was no activity on the merger arbitrage front last week as no new deals were announced. Five 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 2011141
Total Number of Deals Not Completed in 20111
Total Number of Pending Deals
Cash Deals33
Stock Deals24
Stock & Cash Deals11
Total Number of Pending Deals68

Closed Deals:

  1. The acquisition of EMS Technologies (ELMG) by Egret Acquisition Corp on August 22, 2011
  2. The acquisition of Gerber Scientific (GRB) by Vector Capital on August 22, 2011
  3. The acquisition of Radiant Systems (RADS) by NCR Corporation (NCR) on August 24, 2011
  4. The acquisition of Funtalk Chinal Holdings (FTLK) by Fortress Group Limited on August 25, 2011
  5. The acquisition of Petrohawk Energy Corporation (HK) by BHP Billiton (BHP) on August 26, 2011

Top 10 deals with largest spreads:

GRAN04/27/2011FNB United Corp (FNBN)$1.15$0.66609/30/2011 72.30% 824.64%
HRBN06/20/2011Tech Full Electric Company Limited (N/A)$24.00$15.0812/31/2011 59.15% 174.11%
FNDT06/27/2011S1 Corporation (SONE)$24.18$16.5412/31/2011 46.20% 135.98%
MHS07/21/2011Express Scripts, Inc. (ESRX)$65.57$53.8006/30/2012 21.87% 26.09%
CRU05/05/2011Capital Product Partners L.P. (CPLP)$10.16$8.3909/30/2011 21.04% 240.03%
TAM01/19/2011LAN Airlines S.A. (LFL)$24.52$20.5312/31/2011 19.42% 57.15%
ABVA07/27/2011Eagle Bancorp, Inc. (EGBN)$5.31$4.8012/31/2011 10.71% 31.53%
CSR04/20/2011Rightmark Holdings Limited (N/A)$6.50$5.9109/30/2011 9.98% 113.87%
BBBB07/01/2011Providence Equity Partners (N/A)$45.00$41.7912/31/2011 7.68% 22.61%
CFSG05/20/2011Bain Capital Partners (N/A)$9.00$8.3811/15/2011 7.40% 34.62%

List of all pending deals:

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