Merger Arbitrage Mondays – June 22, 2015
Merger activity increased last week with four 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 Dealertrack Technologies (TRAK) by Cox Automotive for $4 billion or $63.25 per share in cash.
- The acquisition of Metalico (MEA) by Total Merchant Limited for $87 million or $0.60 per share in cash.
- The acquisition of Kythera Biopharmaceuticals (KYTH) by Allergan (AGN) for $2.1 billion or $75.00 per share in cash. The fixed-value transaction consideration will be payable 80 percent in cash and 20 percent in new AGN shares issued to KYTHERA shareholders. Since this is a “fixed value” transaction, we are treating it as an all cash deal.
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