Merger Arbitrage Mondays – October 26, 2015
Merger activity decreased last week with three new deals announced and two 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 SanDisk (SNDK) by Western Digital Corporation (WDC) for $19 billion. Under the terms of the agreement, if the previously announced investment in Western Digital by Unisplendour Corporation Limited closes prior to this acquisition, Western Digital will pay $85.10 per share in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock; and if the Unisplendour transaction has not closed or has been terminated, $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock.
- The acquisition of KLA-Tencor Corporation (KLAC) by Lam Research Corporation (LRCX) for $10.6 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of KLA-Tencor will be entitled to elect to receive for the shares of KLA-Tencor stock they hold the economic equivalent of $32.00 in cash and 0.5 of a share of Lam Research common stock, in all-cash, all-stock, or mixed consideration.
- The acquisition of SolarWinds (SWI) by Silver Lake Partners and Thoma Bravo for $4.5 billion or $60.10 per share in cash.
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