Merger Arbitrage Mondays – August 27, 2012
Merger activity decreased last week with four 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 Coventry Health Care (CVH) by Aetna (AET) for $7.3 billion. Under the terms of the agreement, Coventry stockholders will receive $27.30 in cash and 0.3885 Aetna common shares for each Coventry share.
- The stock-for-stock merger of Dex One Corporation (DEXO) and SuperMedia Inc. (SPMD). Under the terms of the agreement, Dex One and SuperMedia shareholders will exchange their shares for shares in Dex Media. Dex One shareholders will receive 0.20 shares for each Dex One share they own, and Super Media shareholders will receive 0.4386 shares for each SuperMedia share they own. On account of the unique nature of this deal where a new entity Dex Media will be created, we have not added this deal to our database and hence it is not accessible from the Merger Arbitrage Tool.
- The acquisition of Sunrise Senior Living (SRZ) by Health Care REIT (HCN) for $845 million or $14.50 per share in cash. According to the company, “If the transaction does not close on or prior to February 21, 2013, as a result of certain closing extension rights which may be exercised by Health Care REIT, Sunrise shareholders will be entitled to receive additional transaction consideration during the period beginning on February 21, 2013”
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