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Merger Arbitrage Mondays – April 02, 2012

  • April 2, 2012

Merger activity increased last week with four new deals announced and three 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 Comverge (COMV) by Peak Merger Corp., an affiliate of H.I.G. Capital, LLC for $49 million or $1.75 per share in cash.
  2. The acquisition of Opnext (OPXT) by Oclaro (OCLR) in an all stock deal for $177 million. Under the terms of the agreement, shareholders of Opnext will receive 0.42 shares of Oclaro common stock for every share of Opnext common stock they own.
  3. The acquisition of ISTA Pharmaceuticals (ISTA) by Bausch + Lomb for $500 million or $9.10 per share in cash.

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