Merger Arbitrage Mondays – October 17, 2011
Merger activity held steady last week with four new deals announced and three closing. The size of the deals were however much bigger with several multi-billion dollar deals including one of the largest energy deal in history.
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 Complete Production Services (CPX) by Superior Energy Services (SPN) for $2.7 billion in a cash plus stock deal, where Complete stockholders will receive 0.945 common shares of Superior and cash of $7.00 in exchange for each share of Complete common stock held at closing.
- The acquisition of BigBand Networks (BBND) by Arris Group (ARRS) for approximately $172 million or $2.24 per share in cash.
- The acquisition of 99 Cents Only Stores (NDN) by affiliates of Ares Management LLC and Canada Pension Plan Investment Board for $1.6 billion or $22.00 per share in cash.
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