Merger Arbitrage Mondays – May 23, 2016
Merger activity increased last week with five new deals announced and two 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:
- The acquisition of Nanosphere (NSPH) by Luminex Corporation (LMNX) for $58 million or $1.35 per share in cash.
- The acquisition of Memorial Resource Development (MRD) by Range Resources Corporation (RRC) for $4.4 billion in an all stock deal. Under the terms of the agreement, MRD shareholders will receive 0.375 shares of Range common stock for each share of MRD common stock held.
- The acquisition of Anacor Pharmaceuticals (ANAC) by Pfizer (PFE) for $5.2 billion or $99.25 per share in cash.
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