Merger Arbitrage Mondays – December 1, 2014
Merger Activity decreased last week with three new mergers announced and four 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 Platinum Underwriters Holdings (PTP) by RenaissanceRe Holdings (RNR) for $1.9 billion. Under the terms of the agreement, shareholders of Platinum Underwriters Holdings will receive a $10.00 per share special pre-closing dividend with the remainder of the consideration, at their election, consisting of (i) $66.00 per Platinum share in cash, (ii) 0.6504 RenaissanceRe common shares per Platinum share, or (iii) a combination of $35.96 in cash and 0.2960 RenaissanceRe common shares per Platinum share, subject to proration.
- The acquisition of Prosensa Holding (RNA) by BioMarin Pharmaceutical (BMRN) for $680 million or $17.75 per share in cash. In addition, two approximately $80 million contingent milestones are payable for the approval of drisapersen in the U.S. no later than May 15, 2016 and Europe no later than February 15, 2017, respectively.
- The acquisition of Cimatron (CIMT) by 3D Systems Corporation (DDD) by $97 million or $8.97 per share in cash.
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