Merger Arbitrage Mondays – July 28, 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 Intermountain Community Bancorp (IMCB) by Columbia Banking System (COLB) for $121.5 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Intermountain Community Bancorp will receive 0.6426 shares of Columbia common stock and $2.2930 in cash for each share of Intermountain common stock. Subject to proration procedures, Intermountain shareholders can elect to receive consideration consisting of all stock, all cash or a combination of stock and cash.
- The acquisition of QR Energy (QRE) by Breitburn Energy Partners (BBEP) for $3 billion in an all stock deal. Under the terms of the agreement, shareholders of QR Energy will receive 0.9856 of a BBEP unit for each unit of QRE.
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