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Merger Arbitrage Mondays – August 1, 2016

  • July 31, 2016

Merger activity held steady last week with six new deals announced and four 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 Outerwall (OUTR) by affiliates of certain funds managed by affiliates of Apollo Global Management for $1.6 billion or $52.00 per share in cash.
  2. The acquisition of National Interstate Corporation (NATL) by Great American Insurance Company for $660 million or $32.00 per share in cash. In addition, National Interstate will pay a special dividend of $0.50 per common share upon the closing of the merger.
  3. The acquisition of Linear Technology Corporation (LLTC) by Analog Devices (ADI) for $14.8 billion in a cash plus stock deal. Under the terms of the agreement, Linear Technology shareholders will receive $46.00 per share in cash and 0.2321 of a share of Analog Devices common stock for each share of Linear Technology common stock they hold at closing.

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