Merger Arbitrage Mondays – November 30, 2015
Merger activity increased last week with six 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 Allergan (AGN) by Pfizer (PFE) for $160 billion. Immediately prior to the merger, Allergan will effect an 11.3-for-one share split so that each Allergan shareholder will receive 11.3 shares of the combined company for each of their Allergan shares, and the Pfizer stockholders will receive one share of the combined company for each of their Pfizer shares.
- The acquisition of CommunityOne Bancorp (COB) by Capital Bank Financial (CBF) for $350 million in a cash or stock deal. Under the terms of the agreement, CommunityOne shareholders shall have the right to receive, at the election of each holder and subject to proration, $14.25 per share in cash or 0.43 of a share of Capital Bank Class A common stock, with the total consideration to consist of 85% stock and 15% cash.
- The acquisition of TeleCommunication Systems (TSYS) by Comtech Telecommunications (CMTL) for $339.7 million or $5.00 per share in cash.
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