Merger Arbitrage Mondays – June 17, 2013
Merger activity decreased last week with three new deals announced and two 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 StellarOne Corporation (STEL) by Union First Market Bankshares Corporation (UBSH) for $445.1 million in an all stock deal. Upon completion of the merger, shareholders of StellarOne Corporation will receive 0.9739 shares of Union common stock for each share of StellarOne.
- The acquisition of Cooper Tire & Rubber (CTB) by Apollo Tyres for $2.5 billion or $35.00 per share in cash.
- The acquisition of Belo Corp (BLC) by Gannett (GCI) for $2.2 billion or $13.75 per share in cash.
Updated Deals:
- On June 11, 2013, Atlantic Coast Financial Corporation (ACFC) announced that the proposed merger with Bond Street Holdings failed to receive stockholder approval.
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