Merger Arbitrage Mondays – June 3, 2013
Merger activity increased last week with six new deals announced and one 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 Omthera Pharmaceuticals (OMTH) by AstraZeneca (AZN) for $323 million or $12.70 per share in cash.
In addition to the cash payment, each Omthera shareholder will receive Contingent Value Rights (CVRs) of up to approximately $4.70 per share, equating to approximately $120 million in total, if specified milestones related to Epanova are achieved, or if a milestone related to global net sales is achieved. This will bring the total potential acquisition cost to approximately $443 million.
- The acquisition of CapLease (LSE) by American Realty Capital Properties (ARCP) for $2.2 billion or $8.50 per share in cash.
- The acquisition of Stewart Enterprises (STEI) by Service Corp. International (SCI) for $1.4 billion or $13.25 per share in cash.
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