Merger Arbitrage Mondays – October 21, 2012
Merger activity increased last week with three new deals announced and two 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 New Frontier Media (NOOF) by LFP Broadcasting for $33 million or $2.02 per share in cash. New Frontier Media shareholders may also be entitled to receive additional contingent cash payments, not to exceed $0.06 per common share, tied to the extent to which New Frontier Media’s available cash balance at the closing of the tender offer, less unpaid transaction expenses, exceeds $11,514,000.
- The acquisition of Cymer (CYMI) by ASML Holding NV (ASML) for $2.5 billion in a cash plus stock deal. Under the terms of the agreement each Cymer shareholder to receive US$20.00 in cash and a fixed ratio of 1.1502 ASML ordinary shares per Cymer share.
- The acquisition of Cybex International Inc. (CYBI) by UM Holdings, Ltd. for $2.55 per share in cash.
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