Merger Arbitrage Mondays – November 16, 2015
Merger activity decreased last week with six 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 Fidelity & Guaranty Life (FGL) by Anbang Insurance Group Co. for $26.80 per share in cash.
- The acquisition of C1 Financial (BNK) by Bank of the Ozarks (OZRK) for $402.5 million in an all stock deal. Under the terms of the agreement, each holder of outstanding shares of common stock of C1 will receive shares of common stock of OZRK. The number of OZRK shares to be issued will be determined based on OZRK’s ten day average closing stock price as of the second business day prior to the closing date, subject to a minimum and maximum price of $39.79 to $66.31, respectively. The consideration payable to C1 shareholders is subject to downward adjustment if the net book value of C1 at the time of the merger is below a specified level and is subject to an upward adjustment if certain loans of C1 are sold at a price above a specified amount.
- The acquisition of RealD (RLD) by Rizvi Traverse Management for $551 million or $11.00 per share in cash.
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