Merger Arbitrage Mondays – March 7, 2016
There was no change in merger activity last week with five new deals announced and ten 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 API Technologies (ATNY) by an affiliate of private equity firm J. F. Lehman & Company for $110 million or $2.00 per share in cash.
- The acquisition of Checkpoint Systems (CKP) by an affiliate of CCL Industries for $443 million or $10.15 per share in cash.
- The acquisition of JAVELIN Mortgage Investment (JMI) by ARMOUR Residential REIT (ARR) for $84.7 million or $7.14 per share in cash. The actual value of the deal will be 0.87 times book value 10 days before the tender offer minus $1 million for transaction costs. The $7.14 value in the release is just an estimate based on current book value.
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