Merger Arbitrage Mondays – September 12, 2016
For some time now I have wanted to write an article that updates some initial research we did back in 2012 on the success rate of mergers. I finally got a chance to do so last week and you can check out the results here.
Merger activity increased last week for new deals with four new deals announced but we saw a bump in closed deals with ten 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 Cepheid (CPHD) by Danaher (DHR) for $4 billion or $53.00 per share in cash.
- The acquisition of Spectra Energy (SE) by Enbridge (ENB) for $28 billion in an all stock deal. Under the terms of the Transaction, Spectra Energy shareholders will receive 0.984 shares of the combined company for each share of Spectra Energy common stock they own.
- The acquisition of Federal-Mogul Holdings (FDML) by Icahn Enterprises (IEP) for $1.6 billion or $9.25 per share in cash.
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