Merger Arbitrage Mondays – April 17, 2017
Merger activity increased last week with nine new deals announced and three 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 was one new deal announced in the Deals in the Works section. We are pleased to release a new feature called the Deals in the Works Tool that lets you see all the potential deals and see which ones ended up with a definitive merger agreement and which ones were unsuccessful.
Deal Statistics:
New Deals:
- The acquisition of Intrawest Resorts Holdings (SNOW) by an entity controlled by affiliates of the Aspen Skiing Company and KSL Capital Partners for $1.5 billion or $23.75 per share in cash.
- The acquisition of Xcerra Corporation (XCRA) by an affiliate of Sino IC Capital and Unic Capital Management for $439.97 million or $10.25 per share in cash.
- The acquisition of Straight Path Communications (STRP) by AT&T (T) for $1.6 billion. Under the terms of the agreement, the stock consideration received by Straight Path shareholders will be based on a variable number of AT&T common stock issued at transaction close to ensure fixed consideration of $95.63 per share.
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