Merger Arbitrage Mondays – April 28, 2014
Merger Activity increased last week with two 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 Cbeyond (CBEY) by Birch Communications for $323 million. Cbeyond stockholders will receive between $9.97 and $10.00 per share in cash. The exact amount will be determined based on stock transactions relating to previously granted stock awards to employees that occur after execution of the definitive agreement.
- The acquisition of First Financial Service (FFKY) by Community Bank Shares of Indiana (CBIN) for $17.9 million in an all stock deal. Upon completion of the merger, shareholders of First Financial Service will receive 0.153 shares of CBIN common stock. This exchange ratio is subject to adjustment based on conditions related to the book value of First Financial and the ability of the company to gain $3 million from specifically identified special assets.
Only plus or premium subscribers can access this post. Subscribe today.
