Merger Arbitrage Mondays – January 9, 2017
Merger Activity increased last week with two new deals announced and four 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 Alon USA Energy (ALJ) by Delek US Holdings (DK) for $1.27 billion in an all stock deal. Under terms of the agreement, the owners of the remaining outstanding shares in Alon that Delek US does not currently own will receive a fixed exchange ratio of 0.5040 Delek US shares for each share of Alon.
- The acquisition of CEB (CEB) by Gartner (IT) for $3.3 billion in a cash plus stock deal. Under the terms of the agreement, CEB shareholders will receive $54.00 in cash and 0.2284 shares of Gartner common stock for each share of CEB common stock they own.
Deal Updates:
- On December 9, 2016, CST Brands (CST) stockholders approved the merger agreement with one of the Alimentation Couche-Tard Inc.´s wholly owned U.S. subsidiaries.
- On December 15, 2016, AEP Industries (AEPI) announced that a special meeting of the stockholders of AEP Industries will be held on January 18, 2017 to approve the merger agreement with Berry Plastics Group (BERY). We have extended the closing date for this deal to March 31, 2017.
- On December 21, 2016, The FTC granted early termination of the waiting period under the HSR Act, effective immediately for the Merger agreement between LifeLock (LOCK) and Symantec Corporation (SYMC).
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