Merger Arbitrage Mondays – May 21, 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 Golfsmith International (GOLF) by Golf Town, Canada’s largest specialty golf retailer, for $96.5 million or $6.10 per share in cash.
- The acquisition of Tii Network Technologies (TIII) by Kelta Inc. for $33.1 million or $2.15 per share in cash.
- The acquisition of Citizens South Banking Corporation (CSBC) by Park Sterling Bank (PSTB) for $77.8 million in a stock or cash deal. Under the terms of the agreement, shareholders of Citizens South Banking Corporation will have the right to receive either $7.00 in cash or 1.4799 Park Sterling shares for each Citizens South share they hold, subject to the limitation that the total consideration will consist of 30.0% in cash and 70.0% in Park Sterling shares. We have listed the deal as an all stock transaction in our Merger Arbitrage Tool.
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