Merger Arbitrage Mondays – October 8, 2012
Merger activity cooled off a little with 3 new deals announced and 5 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 Ceradyne (CRDN) by 3M Co. (MMM) for $670 million or $35.00 per share in cash.
- The acquisition of Versant Corporation (VSNT) by UNICOM Systems Inc. for $32 million or $11.50 per share in cash.
- We have not included Deutsche Telekom’s merger of T-Mobile into MetroPCS (PCS) in our database as the merger will create a new entity called T-Mobile through the reverse merger of T-Mobile into MetroPCS. MetroPCS shareholders will receive $1.5 Billion in cash and a 26% stake in the combined company. According to Deutsche Telekom,
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