Merger Arbitrage Mondays – April 29, 2013
Merger activity increased last week with six new deals announced and three 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 Aerosonic (AIM) by TransDigm Group Incorporated (TDG) for $39 million or $7.75 per share in cash.
- The acquisition of Power-One (PWER) by ABB Ltd. (ABB) for $1 billion or $6.35 per share in cash.
- The acquisition of Met-Pro (MPR) by CECO Environmental (CECE) for $210 million or $13.75 per share in a cash or stock deal. Shareholders of Met-Pro can opt to receive $13.75/share in cash or an equivalent amount in stock subject to a collar. 53% of Met-Pro shareholders will receive cash and 47% will receive stock. We are treating this as an all-cash deal.
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