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Merger Arbitrage Mondays – January 25, 2016

  • January 25, 2016

Merger activity increased last week with four 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:

  1. The acquisition of Biotie Therapies (BITI) by Acorda Therapeutics (ACOR) for $363 million or $25.60 per share in cash.
  2. The combination of Waste Connections (WCN) and Progressive Waste Solutions (BIN). Under the terms of the definitive agreement, Waste Connections stockholders will receive 2.076843 Progressive Waste shares for each Waste Connections share they own. Subject to the approval of Progressive Waste’s shareholders, Progressive Waste then expects to implement immediately a share consolidation on the basis of 0.4815 (1 divided by the 2.076843 ratio above) of a share on a post-consolidation basis for each one share outstanding on a pre-consolidation basis.
  3. The acquisition of Anadigics (ANAD) by II-VI Incorporated (IIVI) for $61 million. Upon completion of the merger, shareholders of Anadigics will receive $0.66 per share in cash.

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