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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 2011 | 141 |
| Total Number of Deals Not Completed in 2011 | 1 |
| Total Number of Pending Deals | |
| Cash Deals | 33 |
| Stock Deals | 24 |
| Stock & Cash Deals | 11 |
| Total Number of Pending Deals | 68 |
Closed Deals:
Top 10 deals with largest spreads:
| Symbol | Announced Date | Acquiring Company | Closing Price | Last Price | Closing Date | Profit | Annualized Profit |
|---|---|---|---|---|---|---|---|
| GRAN | 04/27/2011 | FNB United Corp (FNBN) | $1.15 | $0.666 | 09/30/2011 | 72.30% | 824.64% |
| HRBN | 06/20/2011 | Tech Full Electric Company Limited (N/A) | $24.00 | $15.08 | 12/31/2011 | 59.15% | 174.11% |
| FNDT | 06/27/2011 | S1 Corporation (SONE) | $24.18 | $16.54 | 12/31/2011 | 46.20% | 135.98% |
| MHS | 07/21/2011 | Express Scripts, Inc. (ESRX) | $65.57 | $53.80 | 06/30/2012 | 21.87% | 26.09% |
| CRU | 05/05/2011 | Capital Product Partners L.P. (CPLP) | $10.16 | $8.39 | 09/30/2011 | 21.04% | 240.03% |
| TAM | 01/19/2011 | LAN Airlines S.A. (LFL) | $24.52 | $20.53 | 12/31/2011 | 19.42% | 57.15% |
| ABVA | 07/27/2011 | Eagle Bancorp, Inc. (EGBN) | $5.31 | $4.80 | 12/31/2011 | 10.71% | 31.53% |
| CSR | 04/20/2011 | Rightmark Holdings Limited (N/A) | $6.50 | $5.91 | 09/30/2011 | 9.98% | 113.87% |
| BBBB | 07/01/2011 | Providence Equity Partners (N/A) | $45.00 | $41.79 | 12/31/2011 | 7.68% | 22.61% |
| CFSG | 05/20/2011 | Bain Capital Partners (N/A) | $9.00 | $8.38 | 11/15/2011 | 7.40% | 34.62% |
List of all pending deals: