Merger Arbitrage Mondays – September 19, 2011
Merger activity remained steady last week with three 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 NetLogic Microsystems (NETL) by Broadcom (BRCM) for $3.7 billion or $50 per share in cash.
- The acquisition of Global Industries (GLBL) by Technip for $1.1 billion or $8.00 per share in cash.
- The acquisition of M&F Worldwide (MFW) by MacAndrews and Forbes Holdings for $25.00 per share in cash. MacAndrews & Forbes currently owns approximately 43% of the outstanding shares of MFW common stock.
Updated Deals:
- On September 14, 2011, Avis Budget Group (CAR) dropped its bid to buy rival rental car company Dollar Thrifty Group (DTG) citing current market conditions.
- On September 16, 2011, Transatlantic Holdings (TRH) and Allied World Assurance (AWH) called off their proposed $2.94 billion merger.
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