Merger Arbitrage Mondays – March 3, 2014
Merger Activity decreased last week with two new mergers announced, and three 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:
- The acquisition of TriQuint Semiconductor (TQNT) by RF Micro Devices (RFMD) for $1.6 billion in an all stock deal. Under the terms of the agreement, shareholders of TriQuint Semiconductor will receive 1.675 shares of RF Micro Devices common stock per share held. This is a merger of equals deal where TQNT shareholders will receive 1.675 shares of a newly formed post-merger company and RFMD shareholders will receive 1 share. Since RFMD shareholders will receive one share of the new company for each share they hold, we are treating this merger as TQNT shareholders receiving 1.675 shares of RFMD to calculate the spread.
- The acquisition of Coastal Contacts (COA) by Essilor International for $430 million or $11.21 per share in cash.
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