Merger Arbitrage Mondays – July 30, 2012
Merger activity increased last week with seven 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:
- The acquisition of Peet’s Coffee & Tea (PEET) by private investment firm Joh. A. Benckiser for $1 billion or $73.50 per share in cash.
- The acquisition of Canadian energy company Nexen (NXY) by Chinese oil and gas company CNOOC Ltd. (CEO) for $15.1 billion or $27.50 per share in cash. The spread on the deal is 6.55% on account of concerns that Canadian regulators might not approve the deal.
- The acquisition of GenOn Energy (GEN) by NRG Energy (NRG) for $1.7 billion in an all stock deal. Under the terms of the agreement, shareholders of GenOn Energy will receive 0.1216 of a share of NRG common stock in exchange for each GenOn share of common stock.
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