Merger Arbitrage Mondays – January 30, 2012
Merger activity increased last week with five 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:
- The acquisition of MineFinders Corporation (MFN) by Pan American Silver Corp. (PAAS) in a cash plus stock deal. Under the terms of the agreement, Minefinders shareholders will be entitled to elect to receive, in exchange for each Minefinders share held, either: (i) 0.55 shares of Pan American and $1.84 in cash; or (ii) 0.6235 shares of Pan American; or (iii) $15.60 in cash, subject to pro-ration under total aggregate cash and share pools of approximately $176 million and approximately 53 million Pan American shares, respectively, on a fully-diluted basis.
- The acquisition of Indiana Community Bancorp (INCB) by Old National Bancorp (ONB) for $79.2 million in an all stock deal, where Indiana Community shareholders will receive 1.90 shares of Old National common stock for each share of Indiana Community held by them.
- The acquisition of Micromet (MITI) by Amgen (AMGN) for $1.16 billion or $11.00 per share in cash.
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