Merger Arbitrage Mondays – November 21, 2016

Merger Activity increased last week with five new deals announced and two 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 Equity One (EQY) by Regency Centers Corporation (REG) for $5.6 bilion in an all stock deal. Under the terms of the Agreement, each share of Equity One common stock will be converted into 0.45 shares of newly issued shares of Regency common stock.
2. The acquisition of Harman International Industries (HAR) by Samsung Electronics for $8 billion or $112 per share in cash.
3. The acquisition of Mentor Graphics (MENT) by Siemens AG for $4.5 billion or $37.25 per share in cash.

Deal Updates:

1. On November 14, 2016, Accuride Corporation (ACW) announced that, Accuride’s shareholders voted to approve the proposed transaction with Crestview Partners. Accuride and Crestview expect to complete the transaction on November 18, 2016.
2. On November 15, 2016, Carmike Cinemas (CKEC) announced that, Carmike stockholders approved the amended and restated merger agreement with AMC Theatres (AMC).
3. On November 17, 2016, Shares of auto parts maker Federal-Mogul Holdings Corp (FDML) slid 5 percent, after Carl Icahn told Reuters that Icahn Enterprise LP (IEP) is considering pulling its $9.25 per share offer for the company.

Only plus or premium subscribers can access this post. Subscribe today.