Merger Arbitrage Mondays – February 3, 2014
Merger Activity increased last week with four new mergers announced, and one deal 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 VantageSouth Bancshares (VSB) by Yadkin Financial Corporation (YDKN) for $299 million in an all stock deal. Under the terms of the agreement, shareholders of VantageSouth Bancshares will receive 0.3125 shares of Yadkin Financial Corporation common stock for each share of VantageSouth Bancshares common stock.
- The acquisition of Texas Industries (TXI) by Martin Marietta Materials (MLM) for $2.7 billion. Under the terms of the agreement, shareholders of Texas Industries will receive 0.700 Martin Marietta shares for each share of Texas Industries common stock they own at closing.
- The acquisition of Ninetowns Internet Technology Group Company Limited (NINE) for $1.80 per share in cash in a going private transaction.
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