Merger Arbitrage Mondays – November 9, 2015
There was no change in merger activity last week with eleven new deals announced and three 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 Dyax (DYAX) by Shire (SHPG) for $5.9 billion or $37.30 per share in cash. Dyax shareholders may receive additional value through a non-tradable contingent value right (CVR) that will pay $4.00 in cash per Dyax share upon approval of DX-2930 in HAE, representing a potential additional $646 million in aggregate contingent consideration.
- The acquisition of Hutchinson Technology (HTCH) by TDK Corporation for $126 million. Under the terms of the agreement, TDK will acquire all of the outstanding shares of common stock of HTI for base consideration of US$3.62 per share, plus additional consideration of up to US$0.38 per share, depending on the level of cash (subject to certain adjustments) less any outstanding borrowings on HTI’s revolving line of credit (“net cash”) held by HTI as of the last day of the fiscal month immediately preceding the closing date.
- The acquisition of MedAssets (MDAS) by Pamplona Capital Management for $2.7 billion or $31.35 per share in cash.
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