Merger Arbitrage Mondays – June 11, 2012

Merger activity remained steady 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:

Total Number of Deals Closed in 2012	73
Total Number of Deals Not Completed in 2012	1
Total Number of Pending Deals
Cash Deals	47
Stock Deals	12
Stock & Cash Deals	7
Total Number of Pending Deals	66
Total Deal Size	$401.2 billion

New Deals:

The acquisition of Credo Petroleum (CRED) by Forestar Group (FOR) for $146 million or $14.50 per share in cash.
The acquisition of MEDTOX Scientific (MTOX) by Laboratory Corp. of America Holdings (LH) for $241 million or $27.00 per share in cash.
The acquisition of Gushan Environmental Energy Limited (GU) by Trillion Energy Holdings Limited in a going private transaction where the CEO who already owns 34.8% of the company plans on acquiring the rest of the company with his own funds. Under the terms of the agreement, shareholders of Gushan Environmental Energy Limited will receive $1.62 per ADS in cash. Each American Depository Share (ADS) represents 10 ordinary shares of Gushan.
The acquisition of SRI Surgical Express (STRC) by Synergy Health plc for $38.5 million or $3.70 per share in cash.
The acquisition of Kenneth Cole Productions (KCP) by Kenneth D. Cole, Chairman and Chief Creative Officer of the Company in a going private transaction for $245 million or $15.25 per share in cash. Mr. Cole owns 46% of the company and controls 89% of the voting power.
The acquisition of China TransInfo Technology Corp. (CTFO) by TransCloud Company Limited for $146.6 million or $5.80 per share in cash. The CEO of CTFO kept buying shares on the open market for months on end until January of this year as you can see from this page.

Updated Deals:

On June 6, 2012, Venoco (VQ) shreholders approved the buyout offer valued at $735 million from Timothy Marquez, the company’s co-founder, chairman and CEO.

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	$1.61	06/30/2012	64.60%	1240.93%
VQ	01/16/2012	Denver Parent Corporation (N/A)	$12.50	$10.14	06/30/2012	23.27%	447.11%
TLB	05/31/2012	Sycamore Partners (N/A)	$2.75	$2.37	09/30/2012	16.03%	52.72%
GU	06/04/2012	Trillion Energy Holdings Limited And Trillion Energy Investments Holdings Limited (N/A)	$1.62	$1.46	09/30/2012	10.96%	36.04%
GEOI	04/25/2012	Halcon Resources (HK)	$40.09	$36.90	09/30/2012	8.65%	28.45%
CTFO	06/08/2012	TransCloud Company Limited (N/A)	$5.80	$5.35	09/30/2012	8.41%	27.66%
INCB	01/25/2012	Old National Bancorp Capital (ONB)	$21.51	$19.84	06/30/2012	8.41%	161.51%
SURW	02/06/2012	Consolidated Communications Holdings, Inc. (CNSL)	$23.00	$21.48	06/30/2012	7.08%	135.94%
TUDO	03/12/2012	Youku Inc. (YOKU)	$37.83	$35.48	09/30/2012	6.63%	21.81%
CEBK	05/01/2012	Independent Bank Corp. (INDB)	$32.00	$30.25	12/31/2012	5.79%	10.40%

List of all pending deals:

The list of all pending deals is only available to InsideArbitrage Premium and Plus members.

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