Merger Arbitrage Mondays – January 2, 2017
There were no new deals announced last week but we have a large number of updates related to active deals for you to check out during this long weekend. We are grateful to several of our subscribers who have helped us stay on top of events impacting active deals and also for letting us know if we missed a deal. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours.
Deal Statistics:
Deal Updates:
- On November 30, 2016, Lattice Semiconductor Corporation (LSCC) announced that under the HSR Act and the rules promulgated thereunder, certain transactions exceeding the applicable thresholds require notification to the FTC and DOJ and expiration or termination of the applicable waiting period before the transaction can be consummated, unless an exemption applies. Parent or Merger Sub, on the one hand, and the Company, on the other hand, filed with the FTC and the DOJ on December 9, 2016 a Notification and Report Form relating to the Merger Agreement and the transactions contemplated hereby as required by the HSR Act. Under the HSR Act, the Merger may not be consummated until expiration or early termination of a 30-day waiting period, which will expire on January 9, 2017. The Merger is also conditioned on the clearance of the Merger by CFIUS.
- On December 6, 2016, Endurance Specialty Holdings (ENH) announced that it has scheduled a special general meeting of its shareholders to seek approval for the acquisition of 100% of the outstanding ordinary shares of Endurance by SOMPO Holdings, Inc. The Endurance special general meeting will be held on Friday, January 27, 2017.
- On December 12, 2016, Team Health Holdings (TMH) announced that under the HSR Act and the rules that have been promulgated thereunder by the FTC, they cannot complete the merger until they have given notification and furnished information to the FTC and the DOJ, and until the applicable waiting period has expired or has been terminated.
Top 10 deals with largest spreads:
List of all pending deals:
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