Merger Arbitrage Mondays – November 2, 2015
Merger activity increased last week with eleven new deals announced and four 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 Piedmont Natural Gas (PNY) by Duke Energy Corporation (DUK) for $6.7 billion or $60.00 per share in cash.
- The acquisition of Northern Tier Energy (NTI) by Western Refining (WNR) in a cash plus stock deal. Under the terms of the agreement, shareholders of Northern Tier Energy will receive $17.50 per share in cash and 0.2266 a share of Western common stock.
- The acquisition of Pep Boys – Manny, Moe & Jack (PBY) by Bridgestone Americas for $835 million or $15.00 per share in cash.
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