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Merger Arbitrage Mondays – December 26, 2011

  • December 26, 2011

Merger activity increased last week with six 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:

  1. The acquisition of Winn-Dixie Stores (WINN) by BI-LO for $560 million or $9.50 per share in cash.
  2. The acquisition of CommerceFirst Bancorp (CMFB) by Sandy Spring Bancorp (SASR) for $25.4 million in a cash plus stock deal, where shareholders of CommerceFirst Bancorp will receive 0.8043 Sandy Spring shares for each CommerceFirst share or the cash consideration will be $13.60 per share. CommerceFirst shareholders will be permitted to elect Sandy Spring common stock or cash, or a combination of each; subject to proration procedures to preserve the aggregate 50% stock and 50% cash consideration mix.
  3. The acquisition of WCA Waste Corporation (WCAA) by Macquarie Infrastructure Partners II for $526 million or $6.5 per share in cash.

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