Merger Arbitrage Mondays – December 22, 2014
Merger activity increased last week with seven 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 LNB Bancorp (LNBB) by Northwest Bancshares (NWBI) for $183.3 million. Under the terms of the agreement, shareholders of LNB Bancorp will be entitled to elect to receive either 1.461 shares of Northwest Bancshares common stock or $18.70 per share in cash.
- The acquisition of MicroFinancial (MFI) by an affiliate of funds managed by affiliates of Fortress Investment Group LLC for $10.20 per share in cash.
- The acquisition of Riverbed Technology (RVBD) by Thoma Bravo, LLC and Teachers’ Private Capital for $3.6 billion or $21.00 per share in cash.
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