Merger Arbitrage Mondays – March 13, 2017

Merger activity increased last week with three new deals announced and four deals closing. You can find all the active deals listed below in our Merger Arbitrage Tool (MAT) that automatically updates itself during market hours.

We are pleased to release an enhancement to our new  Merger Arbitrage News section that displays latest news from various sources as well as latest SEC filings for all active deals. This enhancement adds two new tabs to this page, which displays tweets related to active deals. The “Curated Twitter” tab displays tweets from a list of nearly 2,000 curated Twitter accounts and the “Raw Twitter” tab displays an unfiltered list of tweets related to active deals in the MAT. Subscribers that have logged in can filter the news, SEC filings and tweets for just the companies they are following instead of seeing all news, filings and tweets.

We have also added two new potential deals to the Deals in the Works section that we launched last week.

Deal Statistics:

New Deals:

1. The acquisition of Nimble Storage (NMBL) by Hewlett Packard Enterprise Company (HPE) for $1.09 billion or $12.50 per share in cash.
2. The acquisition of Astoria Financial Corporation (AF) by Sterling Bancorp (STL) for $2.2 billion. Under the terms of the agreement, shareholders of Astoria Financial will receive a fixed exchange of 0.875 shares of Sterling common stock for each share of Astoria common stock.
3. The acquisition of TerraForm Global (GLBL) by Brookfield Asset Management (BAM) for $1.3 billion or $5.10 per share in cash.

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