Merger Arbitrage Mondays – April 24, 2017
Merger activity decreased last week with three new deals announced and five 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 four new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of MOCON (MOCO) by AMETEK (AME) for $182 million or $30.00 per share in cash.
- The acquisition of KCG Holdings (KCG) by Virtu Financial (VIRT) for $1.56 billion or $20.00 per share in cash. We were tracking this potential deal in the Deals in the Works Tool since March 15th, the day after news broke about the potential deal. The stock closed at $16.90 on that day, providing a potential profit of 18% on the deal.
- The acquisition of C. R. Bard (BCR) by Becton, Dickinson and Company (BDX) FOR $24 billion in a cash plus stock deal. Under the terms of the agreement, shareholders of C. R. Bard will receive approximately $222.93 in cash and 0.5077 shares of BD stock per Bard share, or a total of value of $317.00 per Bard common share based on BD’s closing price on April 21, 2017.
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