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Merger Arbitrage Mondays – December 15, 2014

  • December 15, 2014

There was no change in merger activity last week with three 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:

  1. The acquisition of Cubist Pharmaceuticals (CBST) by Merck & Co. (MRK) for $9.5 billion or $102 per share in cash.
  2. The acquisition of Heritage Financial Group (HBOS) by Renasant (RNST) for $258 million in an all stock deal. Under the terms of the agreement, shareholders of Heritage Financial Group will receive 0.9266 shares of Renasant common stock for each share of Heritage common stock.
  3. The acquisition of PetSmart (PETM) by a consortium led by BC Partners for $8.7 billion or $83.00 per share in cash.

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