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Merger Arbitrage Mondays – March 16, 2015

  • March 15, 2015

Merger activity decreased last week with four new deals 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:

  1. The acquisition of Bridge Capital Holdings (BBNK) by Western Alliance Bancorporation (WAL) for $425 million in a cash plus stock deal. Under the terms of the agreement, shareholders of Bridge Capital Holdings will receive 0.8145 of a share of Western Alliance Bancorporation and $2.39 in cash for each share of Bridge common stock owned.
  2. The acquisition of RTI International Metals (RTI) by Alcoa (AA) for $1.5 billion in an all stock deal. Under the terms of the agreement, RTI shareholders will receive 2.8315 Alcoa shares for each RTI share.
  3. The acquisition of Integrated Silicon Solution (ISSI) by a Chinese consortium of investors led by Summitview Capital for $693.5 million or $19.25 per share in cash.

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