Merger Arbitrage Mondays – May 20, 2013
Merger activity increased last week with four new deals announced. None of the pending deals closed last week.
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 AsiaInfo-Linkage (ASIA) by CITIC Capital Partners in a “going private” transaction for $890 million or $12.00 per share in cash.
- The acquisition of CFS Bancorp (CITZ) by First Merchants Corporation (FRME) for $114.7 million in an all stock deal. Upon completion of the merger, shareholders of CFS Bancorp Inc. will receive 0.65 shares of First Merchants common stock for each share of CFS common stock owned.
- The acquisition of Mayflower Bancorp (MFLR) by Independent Bank Corp (INDB) for $37.2 million in an all stock deal. Upon completion of the merger, 70% of the shareholders of Mayflower Bancorp will receive .565 of an Independent share for each Mayflower share. Independent will purchase the remaining 30% of outstanding Mayflower shares for $17.50 per share in cash.
Only plus or premium subscribers can access this post. Subscribe today.
