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Merger Arbitrage Mondays – April 10, 2017

  • April 10, 2017

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

There were two new deals announced in the Deals in the Works section.

Deal Statistics:

New Deals:

  1. The acquisition of Syneron Medical (ELOS) by funds advised by Apax Partners for $397 million or $11.00 per share in cash.
  2. The acquisition of General Communication (GNCMA) by Liberty Ventures (LVNTA) for $2.68 billion. Under the terms of the agreement, shareholders of GCI will receive total consideration of $32.50 per share comprised of $27.50 per share in GCI Liberty Class A common stock and $5.00 in newly issued Series A preferred shares, based on a Liberty Ventures reference price of $43.65.
  3. The acquisition of Panera Bread Company (PNRA) by JAB for $7.5 billion or $315 per share in cash.

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