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 2011153
Total Number of Deals Not Completed in 20112
Total Number of Pending Deals
Cash Deals34
Stock Deals22
Stock & Cash Deals8
Total Number of Pending Deals64

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:

SymbolAnnounced
Date
Acquiring
Company
Closing
Price
Last
Price
Closing
Date
ProfitAnnualized
Profit
GRAN04/27/2011FNB United Corp (FNBN)$1.38$0.70109/30/2011 97.40% 8887.44%
AATI05/26/2011Skyworks Solutions, Inc. (SWKS)$5.50$4.1609/30/2011 32.32% 2948.95%
MHS07/21/2011Express Scripts, Inc. (ESRX)$60.16$47.9306/30/2012 25.51% 33.49%
HRBN06/20/2011Tech Full Electric Company Limited (N/A)$24.00$19.9012/31/2011 20.60% 78.33%
TAM01/19/2011LAN Airlines S.A. (LFL)$21.25$18.3712/31/2011 15.67% 59.59%
ABVA07/27/2011Eagle Bancorp, Inc. (EGBN)$5.21$4.8912/31/2011 6.64% 25.26%
LOOP04/27/2011CoStar Group (CSGP)$18.39$17.2912/31/2011 6.34% 24.11%
NXG08/29/2011AuRico Gold Inc. (AUQ)$3.51$3.3010/31/2011 6.29% 65.62%
ORCH04/06/2011Laboratory Corporation of America Holdings (LH)$2.80$2.6407/31/2011 6.06% -38.81%
MMI08/15/2011Google (GOOG)$40.00$37.9001/31/2012 5.54% 15.92%

List of all pending deals:

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