Merger Arbitrage Mondays – May 29, 2017
Merger activity increased last week with five 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.
Deal Statistics:
New Deals:
- The acquisition of Nutraceutical International Corporation (NUTR) by an affiliate of HGGC for $446 million or $41.80 per share in cash.
- The acquisition of Huntsman Corporation (HUN) by CLARIANT N (CLN.VX) for $6.72 billion. Huntsman shareholders receive 1.2196 shares in HuntsmanClariant for each Huntsman share (each existing Clariant share will remain outstanding as a share in HuntsmanClariant).
- The acquisition of Xenith Bankshares (XBKS) by Union Bankshares Corporation (UBSH) for $701.2 million in an all stock deal. Under the terms of the merger agreement, each outstanding share of Xenith common stock will be converted into the right to receive 0.9354 shares of Union common stock.
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