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Merger Arbitrage Mondays – November 28, 2011

  • November 28, 2011

Merger activity increased last week with four new deals announced and two 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:

  1. The acquisition of Transatlantic Holdings (TRH) by Alleghany Corporation (Y) for $3.4 billion in a cash plus stock deal, where shareholders of Transatlantic Holdings will receive 0.145 Alleghany common shares and $14.22 in cash.
  2. The acquisition of Pharmasset (VRUS) by Gilead Sciences (GILD) for $11 billion or $137 per share in cash.
  3. The acquisition of Shanda Interactive Entertainment Ltd. (SNDA) by Premium Lead Company Limited (Parent) and New Era Investment Holding for $2.3 billion or US $20.675 per ordinary share or US $41.35 per American Depositary Share, each representing two ordinary shares.

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