Merger Arbitrage Mondays – March 4, 2013
Merger activity decreased last week with three new deals announced and two deals 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 Assisted Living Concepts (ALC) by TPG for $278 million. Under the terms of the agreement, Assisted Living’s Class A shareholders will get $12 per share in cash while Class B shareholders will get $12.90 per share in cash.
- The acquisition of Atlantic Coast Financial Corporation (ACFC) by Bond Street Holdings for $5.00 per share in cash. Of the total transaction price of $5.00, $2.00 will be held in an escrow account and will be available to cover losses from stockholder claims for one year or until the final resolution of such claims, if later.
- The acquisition of 7 Days Group Holdings Limited (SVN) by Keystone Lodging Holdings Limited for $688 million or $13.80 per share in cash.
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