Merger Arbitrage Mondays – October 20, 2014
Merger Activity decreased last week with three new mergers announced and two 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 Atlas Pipeline Partners (APL) by Targa Resources Partners (NGLS) for $5.8 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Atlas Pipeline Partners will receive a fixed ratio of 0.5846 units of Targa Resources Partners and $1.26 for each outstanding Atlas Pipeline common unit.
- The acquisition of Atlas Energy (ATLS) by Targa Resources (TRGP) for $1.9 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of Atlas Energy will receive $9.12 in cash, 0.1809 of a share of TRGP common stock and a pro rata share in 100% of ATLS’ distributed non-midstream assets.
- The acquisition of Penford Corporation (PENX) by Ingredion Incorporated (INGR) for $340 million or $19.00 per share in cash.
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