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:
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.
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