Merger Arbitrage Mondays – December 7, 2015
Merger activity decreased last week with four 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 HF Financial (HFFC) by Great Western Bancorp (GWB) for $139.5 million in a cash or stock deal. Under the terms of the agreement, HF Financial stockholders will have the option to elect to receive either 0.6500 shares of Great Western common stock or $19.50 in cash for each HF Financial common share, subject to proration to ensure that in the aggregate 75% of HF Financial shares will be converted into stock.
- The acquisition of Mattson Technology (MTSN) by Beijing E-Town Dragon Semiconductor Industry Investment Center for $300 million or $3.80 per share in cash.
- The acquisition of American Residential Properties (ARPI) by American Homes 4 Rent (AMH) for $1.5 billion in an all stock deal. Under the terms of the agreement,each share of American Residential Properties common stock and each limited partnership unit in its operating partnership will be exchanged for 1.135 common shares or limited partnership units of American Homes 4 Rent.
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