Merger Arbitrage Mondays – June 12, 2017

Merger activity remained steady last week with four new deals announced and four 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 five new deals announced in the Deals in the Works section.

Deal Statistics:

New Deals:

1. The acquisition of Covisint Corporation (COVS) by Open Text Corporation (OTEX) for $103 million or $2.45 per share in cash.
2. The acquisition of Albany Molecular Research (AMRI) by affiliates of The Carlyle Group and GTCR for $1.49 billion or $21.75 per share in cash.
3. The acquisition of SciClone Pharmaceuticals (SCLN) by a consortium consisting of entities affiliated with GL Capital Management GP Limited, Bank of China Group Investment Limited, CDH Investments, Ascendent Capital Partners and Boying for $605 million or $11.18 per share in cash.

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