Merger Arbitrage Mondays – November 14, 2016
Merger Activity decreased last week with four new deals announced and seven 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 Blue Nile (NILE) by Bain Capital Private Equity and Bow Street for $500 million or $40.75 per share in cash.
- The acquisition of EarthLink Holdings (ELNK) by Windstream Holdings (WIN) for $1.1 billion in an all stock deal. Under the terms of the agreement, EarthLink shareholders will receive 0.818 shares of Windstream common stock for each EarthLink share owned.
- The acquisition of Datalink Corporation (DTLK) by Insight Enterprises (NSIT) for $196 million or $11.25 per share in cash.
Deal Updates:
- On November 3, 2016, Anbang, Parent and Merger Sub amended the Merger Agreement with Fidelity & Guaranty Life (FGL) by extending the Outside Termination Date from November 7, 2016 to February 8, 2017.
- On November 9, 2016, in their Q3 earnings release, WhiteWave Food company (WWAV) said that they expect the closing of their merger with Danone S.A. to occur in the first quarter of 2017.
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