Merger activity dropped last week with two new deals announced and five closing. We did some interesting spreads last week when Motorola Mobility (MMI) dropped intra-day to $37.08 after Google (GOOG) announced plans to sell a Galaxy Nexus Android phone by Samsung. The spread on this $40 all-cash deal jumped from over 3% to over 6% and I used the drop to start a position in my personal portfolio as mentioned on my Twitter feed. The spread has once again narrowed to 3.33% but still represents potential annualized gains of 19.62% provided the deal closes by the end of Q2 2012.
You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.
Deal Statistics:
Total Number of Deals Closed in 2012 | 52 |
Total Number of Pending Deals | |
Cash Deals | 36 |
Stock Deals | 9 |
Stock & Cash Deals | 7 |
Total Number of Pending Deals | 52 |
Total Deal Size | $367.42 billion |
New Deals:
Closed Deals:
Top 10 deals with largest spreads:
Symbol | Announced Date | Acquiring Company | Closing Price | Last Price | Closing Date | Profit | Annualized Profit |
---|---|---|---|---|---|---|---|
CADC | 10/24/2011 | Novel Gain Holdings Limited (N/A) | $2.65 | $2.07 | 06/30/2012 | 28.02% | 167.66% |
VQ | 01/16/2012 | Denver Parent Corporation (N/A) | $12.50 | $11.09 | 06/30/2012 | 12.71% | 76.08% |
GEOI | 04/25/2012 | Halcon Resources (HK) | $40.60 | $37.06 | 09/30/2012 | 9.54% | 22.76% |
TUDO | 03/12/2012 | Youku Inc. (YOKU) | $36.78 | $34.52 | 09/30/2012 | 6.55% | 15.62% |
INCB | 01/25/2012 | Old National Bancorp Capital (ONB) | $24.83 | $23.43 | 06/30/2012 | 5.99% | 35.83% |
CMFB | 12/20/2011 | Sandy Spring Bancorp Inc. (SASR) | $14.80 | $14.00 | 06/30/2012 | 5.71% | 34.15% |
PGN | 01/10/2011 | Duke Energy Corporation (DUK) | $55.99 | $53.15 | 07/01/2012 | 5.34% | 31.41% |
VIST | 01/26/2012 | Tompkins Financial Corporation (TMP) | $12.23 | $11.72 | 09/30/2012 | 4.35% | 10.37% |
EP | 10/16/2011 | Kinder Morgan, Inc. (KMI) | $30.62 | $29.52 | 06/30/2012 | 3.71% | 22.22% |
TAM | 01/19/2011 | LAN Airlines S.A. (LFL) | $25.52 | $24.65 | 06/30/2012 | 3.55% | 21.22% |
List of all pending deals: