Merger Arbitrage Mondays – August 22, 2016
Merger activity remained the same with four 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:
- The acquisition of Providence and Worcester Railroad Company (PWX) by Genesee & Wyoming (GWR) for $126 million or $25.00 per share in cash.
- The acquisition of G&K Services (GK) by Cintas Corporation (CTAS) for $2.2 billion or $97.50 per share in cash.
- The acquisition of Cardinal Financial (CFNL) by United Bankshares (UBSI) for $912 million in an all stock deal. Under the terms of the agreement, shareholders of Cardinal Financial will receive 0.71 of United’s shares for each share of Cardinal.
Only plus or premium subscribers can access this post. Subscribe today.
