Merger Arbitrage Mondays – October 1, 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:

1. The acquisition of LML Payment Systems (LMLP) by Digital River (DRIV) for $102.8 million or $3.45 per share in cash.
2. The acquisition of Union Drilling (UDRL) by Sidewinder Drilling for $242 million or $6.50 per share in cash.
3. The acquisition of ECB Bancorp (ECBE) by Crescent Financial Bancshares (CRFN) for $51.6 million in all stock deal. ECB shareholders will receive 3.55 shares of Crescent Financial.

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