Merger Arbitrage Mondays – August 26, 2013
Merger activity decreased last week with only two 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 Edwards Group Limited (EVAC) by Atlas Copco Group for $1.6 billion or $10.50 per share in cash. The $10.50 payment includes a fixed cash payment of $9.25 at closing and an additional payment of up to $1.25 per share post-closing, depending on Edwards’ achievement of 2013 revenue within the range of £587.5 million to £650 million and achievement of a related Adjusted EBITDA target within the range of £113.9 million to £145 million.
- The acquisition of Onyx Pharmaceuticals (ONXX) by Amgen (AMGN) for $10.4 billion or $125 per share in cash.
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