Merger Arbitrage Mondays – May 22, 2017
Merger activity decreased last week with two 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 were four new deals announced in the Deals in the Works section.
Deal Statistics:
New Deals:
- The acquisition of Patheon (PTHN) by Thermo Fisher Scientific (TMO) for $7.2 billion or $35.00 per hare in cash.
- The acquisition of WashingtonFirst Bankshares (WFBI) by Sandy Spring Bancorp (SASR) for $489 million in an all stock deal. Under the terms of the agreement, WashingtonFirst shareholders are expected to receive .8713 shares of Sandy Spring common stock for each share owned of WashingtonFirst common stock, subject to adjustment if Sandy Spring’s average stock price during a specified measurement period prior to closing is more than $50.15 or less than $37.07 per share.
- The acquisition of Destination Maternity Corporation (DEST) by Orchestra-Prémaman (KAZI.PA) for $100 million in an all stock deal. Under the terms of the Agreement, Destination Maternity shareholders will receive 0.5150 of an Orchestra Prémaman S.A. ordinary share, in the form of American Depositary Shares, for each share of Destination common stock they own. We missed adding this deal on December 20, 2016.
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