Merger Arbitrage Mondays – May 18, 2015
Merger activity decreased last week with five new deals 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 Rosetta Resources (ROSE) by Noble Energy (NBL) in an all stock deal for $2.1 billion. Under the terms of the agreement, shareholders of Rosetta Resources will receive 0.542 of a share of Noble Energy common stock for each share of Rosetta common stock held.
- The acquisition of Trade Street Residential (TSRE) by Independence Realty Trust (IRT) in a cash plus stock deal. Under the terms of the agreement, shareholders of Trade Street Residential will receive $3.80 in cash and 0.4108 of newly issued IRT common stock. IRT has the option to increase the cash portion of the consideration from $3.80 per share up to $4.56 per share of Trade Street common stock with a corresponding decrease in the stock portion of the merger consideration, in which case the exchange ratio will be adjusted to reflect the new consideration mix.
- The acquisition of AOL (AOL) by Verizon Communications (VZ) for $4.4 billion or $50.00 per share in cash.
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