Merger Arbitrage Mondays – February 15, 2016
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 Apollo Education Group (APOL) by a consortium of investors including The Vistria Group, funds affiliated with Apollo Global Management and and Najafi Companies for $1.1 billion or $9.50 per share in cash.
- The acquisition of Lake Shore Gold (LSG) by Tahoe Resources (TAHO) for approximately $677 million in an all stock deal. Under the terms of the agreement, all of the Lake Shore Gold common shares will be exchanged on the basis of 0.1467 of a Tahoe common share per each Lake Shore Gold common share.
- The acquisition of ITC Holdings (ITC) by Fortis (FTS.TO) for $11.3 billion in a cash plus stock deal. Under the terms of the agreement, ITC shareholders will receive US$22.57 in cash and 0.7520 Fortis shares per ITC share.
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