Merger Arbitrage Mondays – October 10, 2016

Merger activity increased last week with three new deals announced and six 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 Cabela’s Incorporated (CAB) by Bass Pro Shops for $5.5 billion or $65.50 per share in cash.
2. The acquisition of Endurance Specialty Holdings (ENH) by SOMPO Holdings for $6.3 billion or $93.00 per share in cash.
3. The acquisition of Georgetown Bancorp (GTWN) by Salem Five Bancorp for $49.2 million or $26.00 per share in cash.

Deal Updates:

1. On October 5, 2016, KLA-Tencor Corporation (KLAC) and Lam Research (LRCX) announced that they have agreed to terminate their proposed merger agreement.
2. October 5, 2016: Lawyers in the antitrust case surrounding Aetna’s (AET) proposed acquisition of Humana (HUM) have accused the U.S. Department of Justice of “serious delay and misconduct.”
3. On October 5, 2016, The WhiteWave Foods Company (WWAV) announced that during a special stockholder meeting, the stockholders of the company approved the merger agreement under which Danone S.A. will acquire all of the outstanding shares of WhiteWave. Stockholders also approved other proposals relating to the merger.

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