Merger Arbitrage Mondays – September 05, 2011

Merger activity increased last week with two new deals announced and three closing.

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	145
Total Number of Deals Not Completed in 2011	1
Total Number of Pending Deals
Cash Deals	32
Stock Deals	24
Stock & Cash Deals	10
Total Number of Pending Deals	66

New Deals:

The acquisition of Northgate Minerals (NXG) by AuRico Gold (AUQ) for $1.46 billion in an all stock deal, where shareholders of Northgate Minerals will receive 0.365 AuRico common shares per Northgate common share.
The acquisition of Clark Holdings (GLA) by The Gores Group for $0.46 per share in cash.

Closed Deals:

Top 10 deals with largest spreads:

Symbol	Announced Date	Acquiring Company	Closing Price	Last Price	Closing Date	Profit	Annualized Profit
GLA	09/01/2011	The Gores Group (N/A)	$0.46	$0.17	12/31/2011	170.59%	532.18%
GRAN	04/27/2011	FNB United Corp (FNBN)	$1.42	$0.72	09/30/2011	96.88%	1414.38%
FNDT	06/27/2011	S1 Corporation (SONE)	$24.34	$16.19	12/31/2011	50.36%	157.12%
HRBN	06/20/2011	Tech Full Electric Company Limited (N/A)	$24.00	$17.44	12/31/2011	37.61%	117.34%
MHS	07/21/2011	Express Scripts, Inc. (ESRX)	$65.53	$52.91	06/30/2012	23.84%	29.11%
TAM	01/19/2011	LAN Airlines S.A. (LFL)	$26.23	$22.30	12/31/2011	17.61%	54.92%
CRU	05/05/2011	Capital Product Partners L.P. (CPLP)	$9.45	$8.49	09/30/2011	11.35%	165.71%
NXG	08/29/2011	AuRico Gold Inc. (AUQ)	$4.43	$4.10	10/31/2011	8.08%	52.64%
ABVA	07/27/2011	Eagle Bancorp, Inc. (EGBN)	$4.89	$4.60	12/31/2011	6.33%	19.75%
ALTH	07/20/2011	Amag Pharmaceuticals (AMAG)	$1.74	$1.64	12/31/2011	6.16%	19.20%

List of all pending deals:

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

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