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Merger Arbitrage Mondays – October 14, 2013

  • October 13, 2013

Merger activity increased last week with two new deals announced and four deals 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:

  1. The acquisition of Camco Financial (CAFI) by Huntington Bancshares (HBAN) for $97 million in a stock or cash deal. Under the terms of the agreement, shareholders of Camco Financial will receive 0.7264 shares of Huntngton bancshares, or $6.00 in cash, for each share of Camco Financial common stock, subject to proration provisions specified in the merger agreement. Since the targeted aggregate split of total consideration is 80% common stock and 20% cash, we are treating this as an all stock deal.
  2. The acquisition of PVR Partners (PVR) by Regency Energy Partners (RGP) for $5.6 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of PVR Partners will receive 1.02 shares of Regency Energy Partners common stock and approximately $0.31 per share in cash per share held.

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