Merger Arbitrage Mondays – May 30, 2016
Merger activity increased last week with eight new deals announced and three 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 Resource America (REXI) by C-III Capital Partners for $270 million or $9.78 per share in cash.
- The acquisition of American Capital (ACAS) by Ares Capital Corporation (ARCC) for $3.4 billion in a cash plus stock deal. Under the term of the agreement, American Capital shareholders will receive $1.470 billion in cash from Ares Capital, or $6.41 per share, plus 0.483 Ares Capital shares for each American Capital share. In a separate transaction, American Capital also announced today that it is selling American Capital Mortgage Management to American Capital Agency (AGNC) for $562 million or $2.45 per fully diluted share.
- The acquisition of Xenoport (XNPT) by Arbor Pharmaceuticals for $467 million or $7.03 per share in cash.
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