Merger Arbitrage Mondays – July 7, 2014
Merger Activity decreased last week with four new mergers announced and five 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 Sport Chalet (SPCHA, SPCHB) by Vestis Retail Group. Under the terms of the agreement, shareholders of Sport Chalet will receive $1.20 per share in cash. If the total number of shares tendered in the Offer, together with the shares to be purchased from the founding family members immediately after consummation of the Offer, do not constitute 90 percent of each class of shares of Sport Chalet on a fully diluted basis, the price to be paid to stockholders in the Offer would be reduced from $1.20 to $1.04 per share.
- The acquisition of Enventis Corporation (ENVE) by Consolidated Communications Holdings (CNSL) for $350 million in an all stock deal. Under the terms of the agreement, sharheolders of Enventis Corporation will receive 0.7402 shares of CNSL common stock for each share of ENVE common stock they own.
- The acquisition of Vitacost.com (VITC) by The Kroger Co. (KR) for $280 million or $8.00 per share in cash.
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