Merger Arbitrage Mondays – August 24, 2015
Merger activity decreased last week with three 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:
- The acquisition of zulily (ZU) by Liberty Interactive Corporation (QVCA) for $2.4 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of zulily will receive $9.375 in cash and 0.3098 newly issued shares of QVCA for each zulily share.
- The acquisition of National Penn Bancshares (NPBC) by BB&T Corporation (BBT) for $1.8 billion. Under the terms of the agreement, National Penn stockholders can elect to receive 0.3206 of a share of BB&T common stock or $13.00 in cash for each share of National Penn common stock, subject to proration such that total consideration will consist of approximately $550 million in cash and approximately 31.6 million BB&T common shares.
- The acquisition of Dot Hill Systems (HILL) by Seagate Technology (STX) for $694 million or $9.75 per share in cash.
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