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Merger Arbitrage Mondays – September 26, 2011

  • September 26, 2011

Merger activity decreased last week with two new deals announced and one 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 153
Total Number of Deals Not Completed in 2011 2
Total Number of Pending Deals
Cash Deals 34
Stock Deals 22
Stock & Cash Deals 8
Total Number of Pending Deals 64

New Deals:

  1. The acquisition of Goodrich Corporation (GR) by United Technologies (UTX) for $18.4 billion or $127.50 per share in cash.
  2. The acquisition of American Medical Alert Corp. (AMAC) by Tunstall Healthcare Group Limited for $82.3 million or $8.55 per share in cash.


Deal Updates:

  1. On September 23, 2011, Transatalntic Holdings (TRH) entered into a confidentiality agreement with Validus Holdings (VR).


Closed Deals:

  1. The acquisition of National Semiconductor (NSM) by Texas Instruments (TXN) on September 23, 2011.


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) $1.38 $0.701 09/30/2011 97.40% 8887.44%
AATI 05/26/2011 Skyworks Solutions, Inc. (SWKS) $5.50 $4.16 09/30/2011 32.32% 2948.95%
MHS 07/21/2011 Express Scripts, Inc. (ESRX) $60.16 $47.93 06/30/2012 25.51% 33.49%
HRBN 06/20/2011 Tech Full Electric Company Limited (N/A) $24.00 $19.90 12/31/2011 20.60% 78.33%
TAM 01/19/2011 LAN Airlines S.A. (LFL) $21.25 $18.37 12/31/2011 15.67% 59.59%
ABVA 07/27/2011 Eagle Bancorp, Inc. (EGBN) $5.21 $4.89 12/31/2011 6.64% 25.26%
LOOP 04/27/2011 CoStar Group (CSGP) $18.39 $17.29 12/31/2011 6.34% 24.11%
NXG 08/29/2011 AuRico Gold Inc. (AUQ) $3.51 $3.30 10/31/2011 6.29% 65.62%
ORCH 04/06/2011 Laboratory Corporation of America Holdings (LH) $2.80 $2.64 07/31/2011 6.06% -38.81%
MMI 08/15/2011 Google (GOOG) $40.00 $37.90 01/31/2012 5.54% 15.92%

List of all pending deals:

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