Merger Arbitrage Mondays – May 13, 2013
Merger activity decreased last week with three 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:
- The merger of Crestwood Midstream Partners (CMLP) into a subsidiary of Inergy Midstream (NRGM) in a cash plus stock deal. Under the terms of the agreement, shareholders of Crestwood Midstream Partners will receive 1.070 common units of Inergy Midstream for each unit Crestwood Midstream they own plus $1.03 per share in cash. In a separate transaction Crestwood Holdings will acquire the general partner and thus control of Inergy L.P.
- The acquisition of BMC Software (BMC) by Bain Capital and Golden Gate Capital for $6.9 billion or $46.25 per share in cash.
- The acquisition of Market Leader (LEDR) by Trulia (TRLA) for $355 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Market Leader will receive $6.00 in cash and 0.1553 shares of Trulia’s common stock for each share of Market Leader stock.
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