Merger Arbitrage Mondays – August 29, 2016
Merger activity increased 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:
- The acquisition of Medivation (MDVN) by Pfizer (PFE) for $14 billion or $81.50 per share in cash.
- The acquisition of CST Brands (CST) by Alimentation Couche-Tard for $4.4 billion or $48.53 per share in cash.
- The acquisition of CIFC (CIFC) by F.A.B. Partners for $333 million. Under the terms of the agreement, shareholders of CIFC will receive $11.46 in cash per share — $11.36 per share as consideration in the merger, plus a $0.10 per share distribution. The CIFC Board has declared a cash distribution of $0.10 per share to be paid on September 12, 2016 to shareholders of record as of the close of business on August 31, 2016.
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