Merger Arbitrage Mondays – May 1, 2017
Merger activity increased last week with seven 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 two new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of FelCor Lodging Trust Incorporated (FCH) by RLJ Lodging Trust (RLJ) for $2.5 billion in an all stock deal. Under the terms of the agreement, each share of FelCor common stock will be converted into 0.362 shares of newly issued common shares of RLJ common stock in a taxable merger.
- The acquisition of Akorn (AKRX) by Fresenius Kabi for $4.75 billion or $34.00 per share in cash.
- The acquisition of Advancepierre Foods Holdings (APFH) by Tyson Foods (TSN) for $4.2 billion or $40.25 per share in cash.
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