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Merger Arbitrage Mondays – May 16, 2016

  • May 15, 2016

Merger activity decreased last week with four new deals announced and seven deals 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 Krispy Kreme Doughnuts (KKD) by JAB Beech for $1.35 billion or $21.00 per share in cash.
  2. The acquisition of Morgans Hotel Group (MHGC) by SBE for $794 million or $2.25 per share in cash.
  3. The acquisition of Alexza Pharmaceuticals (ALXA) by Grupo Ferrer Internacional for $0.90 per share in cash. In addition to the upfront cash payment, Alexza stockholders will be granted contingent value rights to receive cash payments in four payment categories if specified milestones are achieved following the closing.

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